Downside Prevails
Our Pivot: 25.45
Our Preference: Short sell Silver below 25.18 and average it out till 25.29 with strict stop loss of 25.44 and profit target at 24.85 with extension towards 24.65.
Alternate Scenario: Upward penetration of 25.45 will call for 25.61 and 25.73.
NOTE: Silver is moving downward inside a bearish trend channel.
Chart with supports & resistances:
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