Trading outlook and chart setups:
1. Silver is trading around the sub $20.00 levels for now and bulls are attempting to break immediate resistance at $19.90/20.00 levels for now. If they succeed, all intraday pullbacks can be bought after that. Recommendations for now is to remain flat.
2. Support is at $18.90, followed by $18.75, $18.00 and lower while resistance is at $19.90/$20.00, followed by $20.40, $21.70 and higher respectively.
3. The structure indicates that Silver bulls are wanting to break $20.00 levels to confirm a change in at least short term trend.
Trading recommendations:
Remain flat for now.
Good luck!
