Rebound Insight
Our Pivot: 24.54
Our Preference: Buy above 24.71 with strict stop loss of 24.54 and profit target at 25.14 with extension towards 25.33.
Alternate Scenario: Downward penetration of 24.54 will call for 24.35.
NOTE: Silver is being supported by a rising trend line which was previously resistant trend line of its ascending wedge.
Chart with supports & resistances:
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