Downside Prevails
Our Pivot: 21.15
Our Preference: Start short selling Silver below 21.00 with strict stop loss of 21.15 and profit target at 20.80 with extension towards 20.60.
Alternate Scenario: Upward penetration of 21.15 will call for 21.30.
NOTE: Silver is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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