Silver retreated after testing 20.13-previous low and key resistance level, however the downside attempt was limited to 19.35-support level yesterday, as price is currently attempting to resume the overall wave. If price manages to extend the wave above 20.13, that would complete a potential inverted head and shoulders reversal pattern, over the four hour chart, but a break above the neckline of the pattern around 20.13 is required to confirm it. Overall, the bullish bias remains favored over intraday basis.
Support: 19.55, 19.30, 19.00, 18.50, 18.30
Resistance: 20.15, 20.80, 21.40, 22.00, 22.10
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