Silver Intraday: Throwback or further upside?
Silver (XAG/USD)
+0.950+1.40%
The upside prevails as long as 66.67 is support, with 69.70 and 70.34 as targets
Our pivot point is at 66.67.
Our preference: The upside prevails as long as 66.67 is support, with 69.70 and 70.34 as targets
Alternative scenario: below 66.67, expect 65.60 and 64.96.
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:
70.99 *
70.34 **
69.70
68.99 last
66.67 **
65.60 *
64.96 **
Our preference: The upside prevails as long as 66.67 is support, with 69.70 and 70.34 as targets
Alternative scenario: below 66.67, expect 65.60 and 64.96.
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:
70.99 *
70.34 **
69.70
68.99 last
66.67 **
65.60 *
64.96 **
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