Silver Intraday: watch 71.30.
Silver (XAG/USD)
+2.380+3.04%
short positions below 75.70 with targets at 72.80 & 71.30 in extension.
Pivot: 75.70
Our preference: short positions below 75.70 with targets at 72.80 & 71.30 in extension.
Alternative scenario: above 75.70 look for further upside with 76.70 & 77.70 as targets.
Comment: a break below 72.80 would trigger a drop towards 71.30.
Supports and resistances:
77.70
76.70
75.70
74.06 Last
72.80
71.30
69.80
Our preference: short positions below 75.70 with targets at 72.80 & 71.30 in extension.
Alternative scenario: above 75.70 look for further upside with 76.70 & 77.70 as targets.
Comment: a break below 72.80 would trigger a drop towards 71.30.
Supports and resistances:
77.70
76.70
75.70
74.06 Last
72.80
71.30
69.80
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