Technical outlook and chart setups:
1. Silver is trading around sub $18.50/60 levels as seen here since a few sessions now. At the moment, the metal seems poised to rally in a corrective manner towards at least $19.40/50 levels, before reversing again. Recommendations are to remain flat for now and look to sell at higher prices again.
2, Support is seen at $18.60 (interim), followed by $18.20, $18.00 levels, while resistance is at $$19.80/90, followed by $20.00, $21.70, $22.30 and higher respectively.
3. The structure indicates that Silver could rally towards $19.40/50 levels and reverse from there onwards.
Trading recommendations:
Remain flat for now. Look to sell higher
Good luck!
