Silver Intraday: First target, continuation or consolidation?

Silver (XAG/USD)
-0.485-0.72%
The upside prevails as long as 65.25 is support, with 67.68 and 68.30 as targets
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Our pivot point is at 65.25.

Our preference: The upside prevails as long as 65.25 is support, with 67.68 and 68.30 as targets

Alternative scenario: below 65.25, expect 64.20 and 63.58.

Comment: As prices near our first target, a throwback could occur, though a clean break above could fuel further gains.

Supports and resistances:
68.93 *
68.30 **
67.68
66.85 last
65.25 **
64.20 *
63.58 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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