Under Pressure
Our Pivot: 27.41
Our Preference: Short sell Silver below 27.23 with strict stop loss of 27.41 and profit target at 26.80 with extension towards 26.60.
Alternate Scenario: Upward penetration of 27.41 will call for 27.73.
NOTE: Silver is facing rejection from resistant trend line of its bullish price channel on hourly chart.
Chart with supports & resistances:
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