Overview
Like it was expected yesterday, the metal will take a downward move in case of breaking the Support level 21.00. Yesterday and as shown the metal already broke it and currently is trading below. Presently the pair is approaching the support level 19.75 and testing it continues its bearish move. If the metal manages to break this Support level and closes 4H below, more bearish move is expected with more sell signals till reaching the support level 19.50, therefore we can consider our first traget few 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 (21.50) R2 (21.00) R1 (20.50) S1 (19.75) S2 (19.50) S3 (10.00)
