Silver settled above 20.10-20.00 resistance level, where after retesting the level yesterday, the price rebounded again towards 20.50. Overall, holding above 20.00-broken resistance keeps the near term bias bullish, at least for an attempt towards the key descending resistance and 50-days SMA shown on chart. Accordingly, we anticipate further upside attempts so long as above 20.00-support.
Support: 20.10, 19.70, 19.50, 19.25, 19.00
Resistance: 20.60, 21.00, 21.35, 21.85, 22.10
Recommendation Long above 20.00 targets at 20.50 and 21.00. Invalidation below 19.70