Silver Intraday: Expect 56.46
Silver (XAG/USD)
-1.057-1.81%
The downside prevails as long as 57.83 is resistance, with 56.46 and 56.14 as targets
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: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 57.28 and 57.76).
Supports and resistances:
58.68 **
58.36 *
57.83 **
57.20 last
56.46
56.14 **
55.83 *
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: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 57.28 and 57.76).
Supports and resistances:
58.68 **
58.36 *
57.83 **
57.20 last
56.46
56.14 **
55.83 *
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