Overview
Like it was expected yesterday, the metal will continue its downward move in case of breaking the upward trendline. Today the metal has already broken it and currently it is trading below. Presently the pair is approaching the Support level 23.00. If the metal manages to break this Support level and closes 4H below so more bearish move is still expected with more sell-signals till reaching the Support level 22.50, therefore we can consider our first traget fews pips above this Support level. But as long as silver trades above ths Support level 23.00 this cancels the bearish move scenario.
Resistance and support levels: R3 (25.00) R2 (24.40) R1 (23.90) S1 (23.00) S2 (22.50) S3 (22.00)
