Silver Intraday: Target level as a potential turning point
Silver (XAG/USD)
+1.469+2.27%
The upside prevails as long as 64.52 is support, with 66.78 and 67.42 as targets
Our pivot point is at 64.52.
Our preference: The upside prevails as long as 64.52 is support, with 66.78 and 67.42 as targets
Alternative scenario: below 64.52, expect 63.45 and 62.81.
Comment: The approach toward our first target is a key moment to watch, it may trigger a throwback, yet a firm close above this threshold could provide the momentum needed to push the asset price higher.
Supports and resistances:
68.06 *
67.42 **
66.78
66.13 last
64.52 **
63.45 *
62.81 **
Our preference: The upside prevails as long as 64.52 is support, with 66.78 and 67.42 as targets
Alternative scenario: below 64.52, expect 63.45 and 62.81.
Comment: The approach toward our first target is a key moment to watch, it may trigger a throwback, yet a firm close above this threshold could provide the momentum needed to push the asset price higher.
Supports and resistances:
68.06 *
67.42 **
66.78
66.13 last
64.52 **
63.45 *
62.81 **
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