Overview
As it was expected last week, Silver would take an upward move after its rebound from the Support level 22.00 and currently is testing the Resistance level trying to break it through to continue its bullish move. More buy signals would be provided in case of closing 4H above this Resistance level with first target few pips below the Resistance level 23.90, then we should wait for closing above this Resistance level too to get more bullish signals. Therefore presently we recommend waiting till breaking the Resistance level 23.00 before making the decision. But as long as the price is trading below the Resistance level this cancels the first scenario.
Resistance and support levels: R3 (24.40) R2 (23.90) R1 (23.00) S1 (22.00) S2 (21.00)
