Silver Intraday: Pivot threshold in sight
Silver (XAG/USD)
+2.150+3.50%
The upside prevails as long as 63.14 is support, with 65.79 and 66.47 as targets
Our pivot point is at 63.14.
Our preference: The upside prevails as long as 63.14 is support, with 65.79 and 66.47 as targets
Alternative scenario: below 63.14, expect 62.00 and 61.32.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
67.15 *
66.47 **
65.79
63.49 last
63.14 **
62.00 *
61.32 **
Our preference: The upside prevails as long as 63.14 is support, with 65.79 and 66.47 as targets
Alternative scenario: below 63.14, expect 62.00 and 61.32.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
67.15 *
66.47 **
65.79
63.49 last
63.14 **
62.00 *
61.32 **
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