From the today's H4 chart it is seen that yesterday the metal failed to break the Support level of 19.75 to bounce again from it and trade between the Support level and the Resistance level of 20.00. Currently, the metal is re-testing the Resistance level of 20.00 again, therefore we should wait for closing above it to continue its upward trend move. Given that the metal has managed to close 4H above today, this gives us a good opportunity for more bullish signals above it with the first target few pips below the Resistance level of 20.20, then the second target 20.50 after breaking this Support level. But as long as silver is trading below 20.00, waiting would be prefered in that case which cancels the bullish move scenario.
Resistance and support levels: R3(20.50), R2 (20.20), R1 (20.00), S1 (19.75), S2 (19.20), S3 (19.00).
