Despite the bullish bounce silver remains weak, as price continues to move sideways below 20.10-20.30 key horizontal resistance area, and below the main descending trend lines for the overall bearish trend. Accordingly, the bearish trend remains in play, where only a break above 20.20 may start to damage the bearish configuration.
Support: 19.70, 19.50, 19.25, 19.00, 18.70
Resistance: 20.13, 20.30, 20.50, 21.80, 22.00
Recommendation Short silver below 20.20 targets at 19.70 and 19.00. Stop loss above 20.60.