Silver Intraday: Risk escalating
Silver (XAG/USD)
+1.629+2.52%
The downside prevails as long as 65.81 is resistance, with 63.30 and 62.61 as targets
Our pivot point is at 65.81.
Our preference: The downside prevails as long as 65.81 is resistance, with 63.30 and 62.61 as targets
Alternative scenario: above 65.81, look for 66.97 and 67.65.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
67.65 **
66.97 *
65.81 **
65.49 last
63.30
62.61 **
61.93 *
Our preference: The downside prevails as long as 65.81 is resistance, with 63.30 and 62.61 as targets
Alternative scenario: above 65.81, look for 66.97 and 67.65.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
67.65 **
66.97 *
65.81 **
65.49 last
63.30
62.61 **
61.93 *
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