Silver remained under downside pressure, after breaking the minor ascending support for the latest consolidation period. Price is extending the decline, approaching 21.00, and is expected to continue lower, for a possible retest of the previous major low at 20.13. Intraday key resistance level is at 21.30.
Support: 21.00, 20.50, 20.15, 20.00, 19.75
Resistance: 21.50, 21.80, 22.10, 22.55, 22.85
Based on the chart and explanations above, we prefer to short silver below 21.30 targeting 21.00 and 20.15. Stop loss with four-hour closing above 22.60