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Silver Intraday: Expect 53.96
Silver (XAG/USD)
+0.687+1.32%
As long as 51.78 is support, look for 54.47
Our pivot point is at 51.78.
Our preference: As long as 51.78 is support, look for 54.47
Alternative scenario: below 51.78, expect 50.95 and 50.45.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 52.46 and 51.85).
Supports and resistances:
54.97 *
54.47 **
53.96
53.01 last
51.78 **
50.95 *
50.45 **
Our preference: As long as 51.78 is support, look for 54.47
Alternative scenario: below 51.78, expect 50.95 and 50.45.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 52.46 and 51.85).
Supports and resistances:
54.97 *
54.47 **
53.96
53.01 last
51.78 **
50.95 *
50.45 **
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.
