Silver Intraday: key resistance at 80.60.
Silver (XAG/USD)
-8.983-10.66%
short positions below 80.60 with targets at 72.15 & 70.10 in extension.
Pivot: 80.60
Our preference: short positions below 80.60 with targets at 72.15 & 70.10 in extension.
Alternative scenario: above 80.60 look for further upside with 83.90 & 86.20 as targets.
Comment: the upward potential is likely to be limited by the resistance at 80.60.
Supports and resistances:
86.20
83.90
80.60
76.09 Last
72.15
70.10
67.00
Our preference: short positions below 80.60 with targets at 72.15 & 70.10 in extension.
Alternative scenario: above 80.60 look for further upside with 83.90 & 86.20 as targets.
Comment: the upward potential is likely to be limited by the resistance at 80.60.
Supports and resistances:
86.20
83.90
80.60
76.09 Last
72.15
70.10
67.00
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