Silver Intraday: On the edge of pivot level
Silver (XAG/USD)
-0.174-0.30%
The upside prevails as long as 56.86 is support, with 59.22 and 59.83 as targets
Our pivot point is at 56.86.
Our preference: The upside prevails as long as 56.86 is support, with 59.22 and 59.83 as targets
Alternative scenario: below 56.86, expect 55.83 and 55.22.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
60.45 *
59.83 **
59.22
57.41 last
56.86 **
55.83 *
55.22 **
Our preference: The upside prevails as long as 56.86 is support, with 59.22 and 59.83 as targets
Alternative scenario: below 56.86, expect 55.83 and 55.22.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
60.45 *
59.83 **
59.22
57.41 last
56.86 **
55.83 *
55.22 **
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