Silver is testing the downside resistance
Silver is testing the strong downside resistance and upside support 21.60. This is a horizontal long-term resistance coupled with a channel uptrend support line and a long-term falling wedge support line. A bounce here is required for the upside swing to 24 and higher and also a break below 21.60 is required for the downside continuation. As the Silver is in the tight range long-term we see this as a good opportunity for a long trade.
Note: look for the long trade with the stop loss below 21.30
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