Technical recommendations and chart setups:
1. Silver seems to be nearing resistance around $19.40/50 levels. Please note that fibonacci 0.618 resistance is passing through $19.47/50 levels and a bearish reaction could be expected if prices manage to reach there. Recommendations are to remain flat for now and look to sell higher.
2. Support is seen at $18.60 (interim), followed by $18.20, and lower while resistance is seen at $19.90/20 levels, followed by $20.40, $21.70 and higher respectively.
3. The structure indicates that Silver would be bearish till prices stay below $19.90/20.00 levels.
Trading recommendations:
Remain flat for now. Look to sell higher.
Good luck!
