Overview
Today's H4 chart shows that the metal is trading between the support level of 19.55 and below the resistance level of 19.75. After its failure to break the resistance level 20.20 last week, silver bounced from it to take a slightly downward move below the resistance level of 19.75. Presently, we suggest waiting for closing above the resistance level in case of continuing its upward movement to give us a new opportunity for more buy signals with the first target few pips below the resistance level of 20.00, then after breaking of this resistance level, silver would open the way towards the resistance level of 20.20, which will give us more bullish signals.
Resistance and support levels: R3 (20.20), R2 (20.00), R1 (19.75), S1 (19.55), S2 (19.15)
