Rebound Insight
Our Pivot: 23.40
Our Preference: Start buying XAGUSD above 23.54 with strict stop loss of 23.40 and profit target at 23.70 with extension towards 23.77.
Alternate Scenario: Downward penetration of 23.40 will call for 23.20 and 23.05.
NOTE: Silver is trying to bounce back from correction level of its previous bullish rally.
Chart with supports & resistances:
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