Under Pressure
Our Pivot: 23.65
Our Preference: Start short selling XAGUSD below 23.47 with strict stop loss of 23.65 and profit target at 23.05 with extension towards 22.90.
Alternate Scenario: Upward penetration of 23.65 will call for 23.82 and 23.95.
NOTE: Silver is being capped by supportive trend line of its previous bullish price channel.
Chart with supports & resistances:
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