Silver retested our entry level at 18.30, at the 161.8 percent Fibonacci extension level, before bouncing again towards our first target at 19.00. Overall, the strong bullish divergence on RSI and the 161.8 support level remains intact, and thus we maintain our bullish rebound scenario.
Support: 18.30, 18.00, 17.75, 17.50, 17.25
Resistance: 19.00, 19.30, 19.55, 20.00, 20.15
Recommendation Based on the chart and explanations above, we prefer to long silver around 18.30 , targeting 19.00,19.35 and 20.00. Stop loss below 17.75