Silver Intraday: Trend at a crossroads
Silver (XAG/USD)+0.746+1.21%
The downside prevails as long as 62.56 is resistance, with 59.92 and 59.27 as targets

Our pivot point is at 62.56.
Our preference: The downside prevails as long as 62.56 is resistance, with 59.92 and 59.27 as targets
Alternative scenario: above 62.56, look for 63.66 and 64.31.
Comment: Price is almost testing our pivot level; this may be the last chance for a reversal.
Supports and resistances:
64.31 **
63.66 *
62.56 **
62.09 last
59.92
59.27 **
58.62 *
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.