(28 AUGUST 2019)Silver spot ($) Bullish bias above 18.0000.

Pivot
 (invalidation): 18.0000
Our preference
Long positions above 18.0000 with targets at 18.3400 & 18.4500 in extension.
Alternative scenario
Below 18.0000 look for further downside with 17.9100 & 17.7500 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.