Silver Intraday: Key support level approaches
Silver (XAG/USD)
-2.429-3.69%
The downside prevails as long as 66.08 is resistance, with 63.55 and 62.94 as targets
Our pivot point is at 66.08.
Our preference: The downside prevails as long as 66.08 is resistance, with 63.55 and 62.94 as targets
Alternative scenario: above 66.08, look for 67.11 and 67.72.
Comment: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.
Supports and resistances:
67.72 **
67.11 *
66.08 **
63.67 last
63.55
62.94 **
62.33 *
Our preference: The downside prevails as long as 66.08 is resistance, with 63.55 and 62.94 as targets
Alternative scenario: above 66.08, look for 67.11 and 67.72.
Comment: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.
Supports and resistances:
67.72 **
67.11 *
66.08 **
63.67 last
63.55
62.94 **
62.33 *
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