Silver Intraday: Pivot threshold in sight
Silver (XAG/USD)
-0.342-0.50%
The upside prevails as long as 61.37 is support, with 63.93 and 64.59 as targets
Our pivot point is at 61.37.
Our preference: The upside prevails as long as 61.37 is support, with 63.93 and 64.59 as targets
Alternative scenario: below 61.37, expect 60.27 and 59.61.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
65.25 *
64.59 **
63.93
62.02 last
61.37 **
60.27 *
59.61 **
Our preference: The upside prevails as long as 61.37 is support, with 63.93 and 64.59 as targets
Alternative scenario: below 61.37, expect 60.27 and 59.61.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
65.25 *
64.59 **
63.93
62.02 last
61.37 **
60.27 *
59.61 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
