The inverted head and shoulders scenario remain valid, but requires a break above 20.10 level to complete, meanwhile price has broken the descending resistance for the minor channel shown on chart. Accordingly, our bias remains to the upside.
Support: 19.55, 19.30, 19.00, 18.50, 18.30
Resistance: 20.15, 20.80, 21.40, 22.00, 22.25
Recommendation Based on the chart and explanations above, we prefer to long silver above 19.30, targeting 20.15, 20.80 and 21.90. Stop loss below 18.50