Technical outlook and chart setups:
1. Silver has produced a morning star at our expected levels of $19.00, as seen here. It is recommended to hold long positions. For now. the risk remains at $18.50.
2. Immediate support is at $18.75, followed by $18.00, while resistance is at $20.50 (intermediary), followed by sub $21.00 and $22.00 respectively.
3. The structure reveals that a higher low might be in place at $19.00 level now. Implications are that prices could rally from here towards $22.00 and higher in the coming weeks. $18.75 should hold for now.
Trading recommendations:
Remain long, stop at $18.50, target open.
Good luck!
