Silver moved lower yesterday, continues to trade below the key descending resistance levels shown on chart, and below the broken ascending support for the latest bullish correction. Accordingly, the bearish bias continues to be favored.
Support: 19.50, 19.25, 19.00, 18.70, 18.50
Resistance: 19.80, 20.10, 20.20, 20.60, 21.00
Recommendation Short below 20.00 targets at 19.25, and 18.70. Invalidation above 20.60