Silver bounced slightly from 18.50 level, while RSI is showing a clear bullish divergence, meanwhile price is trading near the bottom of the minor descending channel shown on chart. Accordingly, we maintain our bullish rebound scenario.
Support: 18.55, 18.30, 18.00, 17.75, 17.50
Resistance: 19.00, 19.55, 20.15, 20.50, 21.00
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