Silver chart overview

The price of silver this morning formed a new higher high at $19.67; we did not stay there for long because the price retreated very quickly. Today's minimum was at the $19.05 level, after which we see an immediate minor recovery from the $19.20 level. For a bearish option, we need a negative consolidation and a drop below the $19.00 level. Then we need to stay down there for the bearish trend to continue. Potential lower targets are $18.80, $18.60 and $18.40 levels. For a bullish option, we need a new positive consolidation and a move above the $19.40 level. We need to stay there and continue the silver price recovery with a new bullish impulse. Potential higher targets are the $19.60 and $19.80 levels.