Technical outlook and chart setups:
1. Silver remains unchanged for now. It is likely to move in a trading range between $19.00 and $20.00 for a while before breaking higher. Recommendations are to hold long positions for now, risk remains at $18.50.
2. Intermediary support is at $19.00, followed by $18.75, while resistance is at $20.50 (intermediary), $21.00 and higher.
3. The structure reveals that the metal could trade between $19.00/20.00 levels for a while before thrusting higher. $18.75/50 levels should hold well now.
Trading recommendations:
Remain long, stop at $18.50, target open.
Good luck!
