FX.co ★ Silver: Resistance is seen at 23.80

Technical outlook and chart setups:

Silver is attempting a bounce back just ahead of 22.00 level for now. It is recommended to book full profits on short positions taken earlier and await for a clear bounce (to go long) or a break down (for aggressive short), to re-enter. Immediate resistance for silver is seen at 23.80 level, while support is just at sub 22.00 levels. A bounce here would see the metal rallying towards 25.00/26.00 levels, which was past support turned resistance now. While a break below 22.00 would see lower levels towards 21.45 at least. Bottom line: Remain flat for now.

Trading recommendations:

Book full profits on short positions taken. Flat for now.

Good luck!