Silver Intraday: 60.40 expected
Silver (XAG/USD)
+1.302+2.25%
The upside prevails as long as 58.89 is support, with 60.40 and 60.73 as targets
Our pivot point is at 58.89.
Our preference: The upside prevails as long as 58.89 is support, with 60.40 and 60.73 as targets
Alternative scenario: below 58.89, expect 58.34 and 58.01.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 58.86 and 58.37).
Supports and resistances:
61.06 *
60.73 **
60.40
59.81 last
58.89 **
58.34 *
58.01 **
Our preference: The upside prevails as long as 58.89 is support, with 60.40 and 60.73 as targets
Alternative scenario: below 58.89, expect 58.34 and 58.01.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 58.86 and 58.37).
Supports and resistances:
61.06 *
60.73 **
60.40
59.81 last
58.89 **
58.34 *
58.01 **
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