Silver is trading within 1,5 years consolidation range.
Now the price is approaching its support.
21.6 - 22.2 is the area on focus.
Be prepared for a bullish wave from that structure.
Your swing confirmation will be a bullish breakout of a major falling weekly channel
(the price is steadily falling within that for the last 4 months).
Most likely bulls will aim at the range's resistance then.
However, start protection of your position from lower levels.
First support to watch: 24.8
Bearish breakout of range's support will signify the initiation of a global bearish trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.