Silver Intraday: Risk escalating

Silver (XAG/USD)
-1.116-1.91%
The downside prevails as long as 57.83 is resistance, with 56.46 and 56.14 as targets
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Our pivot point is at 57.83.

Our preference: The downside prevails as long as 57.83 is resistance, with 56.46 and 56.14 as targets

Alternative scenario: above 57.83, look for 58.36 and 58.68.

Comment: Price is close to our pivot level; this could be the last opportunity for a reversal.

Supports and resistances:
58.68 **
58.36 *
57.83 **
57.57 last
56.46
56.14 **
55.83 *

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.
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