Downside Prevails
Our Pivot: 21.57
Our Preference: Start short selling Silver below 21.34 with strict stop loss of 21.57 and profit target at 21.12 with extension towards 21.00.
Alternate Scenario: Upward penetration of 21.57 will call for 21.75.
NOTE: Silver is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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