Silver Intraday: Trend at a crossroads

Silver (XAG/USD)
+1.723+3.00%
Under pressure below 58.73, with 56.16 and 55.55 as targets
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Our pivot point is at 58.73.

Our preference: Under pressure below 58.73, with 56.16 and 55.55 as targets

Alternative scenario: above 58.73, look for 59.76 and 60.37.

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:
60.37 **
59.76 *
58.73 **
58.39 last
56.16
55.55 **
54.94 *

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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