Silver Intraday: Pivot threshold in sight
Silver (XAG/USD)
+0.701+1.09%
The downside prevails as long as 65.03 is resistance, with 62.75 and 62.13 as targets
Our pivot point is at 65.03.
Our preference: The downside prevails as long as 65.03 is resistance, with 62.75 and 62.13 as targets
Alternative scenario: above 65.03, look for 66.08 and 66.70.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
66.70 **
66.08 *
65.03 **
64.64 last
62.75
62.13 **
61.50 *
Our preference: The downside prevails as long as 65.03 is resistance, with 62.75 and 62.13 as targets
Alternative scenario: above 65.03, look for 66.08 and 66.70.
Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.
Supports and resistances:
66.70 **
66.08 *
65.03 **
64.64 last
62.75
62.13 **
61.50 *
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