Overview :
As it was expected last yesterday, Silver would take an upward move after its rebound from the support level 18.55 to continue its upward move trend and currently is testing the resistance level 20.15 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 the first target few pips below the resistance level 20.50, 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 20.15 before making a decision. But as long as the price is trading below the resistance level this cancels the first scenario.
Resistance and support levels: R3 (21.00) R2 (20.50) R1 (20.15) S1 (19.55) S2 (18.55)
