Silver- sell on rallies (breaks major trend line support)

Trend line support- $31.95 (trend line joining $28.79 and $30.81)
Silver crashed more than 7% after Tariff announcement. It hit a intraday low of $31.40 and is currently trading around $31.65.

The gold/silver ratio climbed to 95.50, reflecting silver's relative weakness compared to gold.

Trading Strategy and Key Levels for Silver

The commodity is trading below short term (34 and 55 EMA) and long-term moving average (200- EMA) in the 4-hour chart. The near-term support is around $31.25 and any violation below will drag the commodity to $30.75/$30/$29.60/$29/$28.40. The immediate resistance is at $32.60 any breach above targets $33/$35/$36.
It is good to sell on rallies around $32 with a stop-loss at $32.60 for a TP of $30/$28.40.