not out-of-wood yet

Studying two charts -
SLV - Silver ETF - Tracks silver price
SIL - Global major silver producer ETF
The chart still seems quite pessimistic and downtrend still intact.

For SIL - Support at approx $18 level. Immediate resistance to clear is 20 day MA at $20.2

For SLV - Support at approx $26. Immediate strong resistance at approx $30 where both 20 and 50 day MA is.

If global SIL stock stabilised near support, then rebound could happen from this level. For now, it is a 50-50 case.

Clearly, CCU as a small silver player, will need to wait for this trend to turn-around. :-(