Technical outlook and chart setups:
1. Silver has been seen drifting sideways since few days now, around $19.30/50 levels as seen here. The metal should be poised to break the trading range higher any time now. Only a persistent break below $19.00 levels would be of concern to bulls.
2. Support is seen at $19.00 levels, followed by $18.60 and lower, while resistance is seen at $20.10/20, followed by $21.20/70, $22.30 and higher respectively.
3. The structure indicates that Silver remains in control of bulls till prices are above $19.00 levels.
Trading recommendations:
Remain long, stop below $19.00, target is open.
Good luck!
