Silver Intraday: Target 67.68
Silver (XAG/USD)
+1.408+2.10%
The upside prevails as long as 65.25 is support, with 67.68 and 68.30 as targets
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: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is below its 20 period moving average (66.74) but above its 50 period moving average (66.48).
Supports and resistances:
68.93 *
68.30 **
67.68
66.73 last
65.25 **
64.20 *
63.58 **
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: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is below its 20 period moving average (66.74) but above its 50 period moving average (66.48).
Supports and resistances:
68.93 *
68.30 **
67.68
66.73 last
65.25 **
64.20 *
63.58 **
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