Overview
From the today's H4 chart, the metal is still trading between the Support level 21.50 and below the Resistance level 22.00 after its failure to break the Resistance level yesterday and bounced from it to take a slightly downward move and currently is re-testing the Support level 22.50 again. Presently we suggest waiting for closing above the Resistance level 22.00 in case of bouncing from the Support level 21.50 to give us a new opportunity for more buy signals with the first target few pips below the Resistance level 22.50, then after breaking this Resistance level silver would open the way towards the Resistance level 23.00, which means more bullish signals.
Resistance and support levels: R3 (23.00) R2 (22.50) R1 (22.00) S1 (21.50) S2 (21.00)