Silver chart overview

During the Asian trading session, the price of silver solidified support at the $23.20 level and launched a new bullish impulse to the $23.50 level. We now see a downside pullback and could revisit this morning's support level. If the pressure on the lower support level increases, a breakout of the price below is inevitable. The price would then drop down to the $23.00 level. To continue the bearish option, we need a negative consolidation. Potential lower targets are the $22.80 and $22.60 levels. For a bullish option, we need a positive consolidation and a break above the $23.60 level. Then it is necessary to maintain up there and start further recovery with a new bullish impulse. Potential higher targets are the $23.80 and $24.00 levels.