Overview
The H4 chart demonstrates today that silver still cannot break the support level of 19.50 and it is currently trading above it and below the resistance level of 19.75, so we should wait for the mid-day closing. If the metal manages to close 4H below it, there will be a good opportunity to sell till reaching the support level of 19.20 after closing 4H below it. After that we should wait for breaking out this support level to continue the bearish move. In case silver is able to break the support levels of 19.50 and 19.20 and closes 4H below them, we will get bearish strength which will provide new sell signals and enable the support level of 18.90 as a target level.
Resistance and support levels: R3 (20.50), R2 (20.20), R1 (19.75), S1 (19.50), S2 (19.20), S3(18.90).