Technical outlook and chart setups:
1. Silver is again possibly forming bottom around $19.00 levels as seen here. The metal could stage a bullish bounce from current levels till prices stay above $18.75. Recommendations are to remain long with stop below $18.50.
2. Support is seen at $18.90, followed by $18.75, $18.50/60 and lower while resistance is seen at $19.90, followed by $20.40, $21.70, $22.30 and higher respectively.
3. The structure indicates that Silver remains constructive for bulls till prices stay above $18.75. A break below should be encouraging for bears.
Trade recommendations:
Remain long, stop below $18.50, target is open.
Good luck!
