Overview
As it was expected yesterday, more bearish signals would be available after breaking the Support level 19.55 yesterday, then the metal continued its downward move after breaking the Support level, which have us another good opportunity to sell till reaching the Support level 18.55. Currently and as shown the metal hits the Support level 18.55 and started to take a bullish move. Presently we suggest waiting for closing above this level to give us a new opportunity for a new buy signals with first target few pips below the Resistance level 19.55, then after breaking this Resistance level silver would open the way towards the Resistance level 20.15, which means more bullish signals.
Resistance and support levels: R3 (20.50) R2 (20.15) R1 (19.55) S1 (18.55) S2 (18.30)
