FX.co ★ Silver remains in buy-on-dips situation. 21.20/30 is of interest

Technical outlook and chart setups:

The metal is on track to a retracement due, towards 21.30/50 levels now. Please note that the above level is a confluence of the fibonacci 0.618 support, back side of the trend line which is support now and a potential right shoulder being carved out of a head-and-shoulder reversal. It is recommended to go long on dips for a possible rally towards 25.00 and higher. Intermediary resistance levels are spread through 23.50, followed by 24.50 and 25.00; while support is strong at the 20.50 levels, respectively. Looking lower now, then turn to bullish strategy.

Trading recommendations:

Buy lower from here on.

Good luck!