Silver Intraday: range.
Silver (XAG/USD)
+2.387+2.74%
short positions below 89.00 with targets at 85.30 & 83.60 in extension.
Pivot: 89.00
Our preference: short positions below 89.00 with targets at 85.30 & 83.60 in extension.
Alternative scenario: above 89.00 look for further upside with 90.10 & 91.40 as targets.
Comment: as long as 89.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
91.40
90.10
89.00
87.51 Last
85.30
83.60
81.20
Our preference: short positions below 89.00 with targets at 85.30 & 83.60 in extension.
Alternative scenario: above 89.00 look for further upside with 90.10 & 91.40 as targets.
Comment: as long as 89.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
91.40
90.10
89.00
87.51 Last
85.30
83.60
81.20
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