The downside movement stopped, but we cannot confirm the end of the bearishness as silver is stable below 32.75, which represents the potential reversal zone of the Bat harmonic pattern, which started at X1 point, and also represents the potential reversal zone of the Deep Crab harmonic pattern, which started at X2 point. Our negative expectations remain as they are, but Stochastic is positive, which could trigger heavy fluctuations and maybe an upside correction to test areas around the resistance level of 32.20-75.
The trading range for today is among the key support at 30.30 and key resistance now at 34.60.
The short-term trend is to the downside with steady weekly closing below 38.00 targeting 20.05.
**New York Candlesticks**
|Recommendation||Based on the charts and explanations above, our opinion is selling silver around 32.40, and take profit in stages at (31.30 and 30.30) and stop loss with 4-hour closing above 33.40 might be appropriate|