Under Pressure
Our Pivot: 24.49
Our Preference: Start short selling XAGUSD below 24.30 with strict stop loss of 24.49 and profit target at 24.05 with extension towards 23.92.
Alternate Scenario: Upward penetration of 24.49 will call for 24.77.
NOTE: Silver is moving downward after facing rejection from its correction levels.
Chart with supports & resistances:
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