Silver maintains the fluctuating stance, in-between 23.50-22.00 resistance and support levels, and thus the bullish wave continue to be intact. Holding above 22.00 will keep our bullish scenario valid. A break below 22.00 may call for a retest toward the 50-days SMA around 20.50.
Support: 22.75, 22.50, 22.20, 22.00, 21.80
Resistance: 23.10, 23.40, 23.70, 24.00, 24.40
Recommendation Long above 22.20, targets at 22.75, 23.40 and 23.80. Invalidation hourly closing below 21.70