Technical outlook and chart setups:
1. Silver could possibly resume rally from current levels at $19.60/70 as seen here. A morning star candlestick pattern could shape up, indicating that the next leg is higher. Recommendations are to remain long, risk below $19.40.
2. Support is seen at $19.40, followed by $19.00, $18.60 and lower while resistance is seen at $20.20 (interim), followed by $21.70, $22.30 and higher up respectively.
3. The structure indicates that Silver remains bullish for now and buying on dips is favored.
Trading recommendations:
Remain long, stop below $19.40, target is open.
Good luck!
