Trades Through Key Support

• RES 4: $22.517 - High Jun 6
• RES 3: $22.046 - 50-day EMA
• RES 2: $21.343 - 20-day EMA
• RES 1: $20.464 - Low May 13 and recent breakout level
• PRICE: $19.915 @ 08:32 BST Jul 1
• SUP 1: $19.838 - Intraday low
• SUP 2: $19.581 - 2.236 proj of the Mar 8 - 29 - Apr 18 price swing
• SUP 3: $19.000 - Round number resistance
• SUP 4: $18.693 - 61.8% retracement of Mar ‘20 - Feb ‘21 bull cycle

The Silver outlook remains bearish and the metal has resumed its bear leg - pricel has breached the bear trigger at 20.4635, May 13 low. The break lower confirms an extension of the downtrend that has been in place since early February 2021. The metal has also cleared the $20.00 handle and sights are on $19.581 next, a Fibonacci projection. The 20-day EMA, at $21.343 marks a key short-term resistance.