Silver Intraday: First target, continuation or consolidation?
Silver (XAG/USD)
+1.153+1.82%
As long as 62.13 is support, look for 65.52
Our pivot point is at 62.13.
Our preference: As long as 62.13 is support, look for 65.52
Alternative scenario: below 62.13, expect 61.01 and 60.34.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
66.19 *
65.52 **
64.84
63.93 last
62.13 **
61.01 *
60.34 **
Our preference: As long as 62.13 is support, look for 65.52
Alternative scenario: below 62.13, expect 61.01 and 60.34.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
66.19 *
65.52 **
64.84
63.93 last
62.13 **
61.01 *
60.34 **
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