Silver has been consolidating with a slight downside bias since yesterday, and retested 19.30 support area. There is a potential that the ongoing consolidation is a pause ahead of the resuming the bullish rally we have seen within the past couple of days, and thus, we maintain our near term bullish bias.
Support: 19.30, 19.00, 18.50, 18.30, 18.00
Resistance: 19.55, 20.15, 20.80, 21.40, 22.00
Recommendation Based on the chart and explanations above, we prefer to long silver above 19.30, targeting 20.15,20.80 and 21.90. Stop loss below 18.50