Downside Prevails
Our Pivot: 22.55
Our Preference: Short sell below 22.26 with strict stop loss of 22.55 and profit target at 21.80 with extension towards 21.65.
Alternate Scenario: Upward penetration of 22.55 will call for 22.92.
NOTE: Silver is being capped by a strong resistant trend line.
Chart with supports & resistances:
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