Silver pushed back above 19.30 level, which may form an intraday support for price. Overall, the price is consolidating within a potential sideways triangle pattern, a breakout of the pattern to the downside will signal the continuation of the bearish wave. Accordingly, we prefer to wait for confirmation.
Support: 19.30, 19.00, 18.50, 18.15, 17.85
Resistance: 19.60, 19.90, 20.15, 20.50, 20.75
Recommendation Based on analysis and explanations above, we prefer to be neutral
Support: 19.30, 19.00, 18.50, 18.15, 17.85
Resistance: 19.60, 19.90, 20.15, 20.50, 20.75
Recommendation Based on analysis and explanations above, we prefer to be neutral
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