Under Pressure
Our Pivot: 24.27
Our Preference: Start Selling XAGUSD below 24.13 with strict stop loss of 24.27 and profit target at 23.85 with extension towards 23.70.
Alternate Scenario: Upward penetration of 24.27 will call for 24.55 and 24.75.
NOTE: Silver is caged inside an ascending wedge on hourly chart and its being capped by a horizontal resistant region.
Chart with supports & resistances:
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