Silver's Current Range and Key Levels

Watching $SI closely here. We've been in this broader consolidation for a bit now, and the recent move down to around $21.68 (intraday low today) tested the lower end of what I've been considering a support zone. The bounce back to $22.1 suggests some buyers are still present, which isn't a huge surprise given the recent selling pressure.

My invalidation for this short-term bounce scenario would be a sustained break and close below $21.50. If we get that, it opens up the possibility for a retest of the $21.00 psychological level, maybe even lower. On the upside, reclaiming and holding $22.50 would be a good first step towards targeting the recent intraday high of $22.88.