FX.co ★ Silver: Contertrend expected resume soon. Remain short

Technical outlook and chart setups:

Similar to Gold, the white metal is pulling back at the moment only to find resistance ahead of 25.00 level. It is recommended to remain short on earlier positions for now and also add after pullback ends. Immediate resistance is around the 25.00 region, while support is around 22.50 for now. Looking into fibonacci convergence, 21.50 region remains of importance for the next bullish bounce. The current pullback is expected to reverse around 24.50/75 region. The counter trend should also end around 21/21.50 region before the trend resumes.

Trading recommendations:

Remain short for now, stop is at 25.50.

Good luck!