Silver Intraday: limited upside.
Silver (XAG/USD)
+4.426+4.29%
long positions above 107.40 with targets at 118.20 & 121.40 in extension.
Pivot: 107.40
Our preference: long positions above 107.40 with targets at 118.20 & 121.40 in extension.
Alternative scenario: below 107.40 look for further downside with 103.30 & 101.30 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
125.40
121.40
118.20
112.51 Last
107.40
103.30
101.30
Our preference: long positions above 107.40 with targets at 118.20 & 121.40 in extension.
Alternative scenario: below 107.40 look for further downside with 103.30 & 101.30 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
125.40
121.40
118.20
112.51 Last
107.40
103.30
101.30
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