Further Advance
Our Pivot: 21.63
Our Preference: Start buying Silver above 21.74 with strict stop loss of 21.63 and profit target at 21.89 with extension towards 21.97.
Alternate Scenario: Downward penetration of 21.63 will call for 21.54 and 21.38.
NOTE: Silver is trying to establish a bearish price channel after facing rejection from its correction levels of last bearish rally but this channel may convert into a flag formation.
Chart with supports & resistances:
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