Silver Intraday: choppy.
May 8, 2024 23:46
Silver (XAG/USD)
0.461+1.46%
short positions below 27.52 with targets at 27.18 & 27.00 in extension.
Pivot: 27.52
Our preference: short positions below 27.52 with targets at 27.18 & 27.00 in extension.
Alternative scenario: above 27.52 look for further upside with 27.72 & 27.90 as targets.
Comment: as long as 27.52 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
27.90
27.72
27.52
27.36 Last
27.18
27.00
26.82
Our preference: short positions below 27.52 with targets at 27.18 & 27.00 in extension.
Alternative scenario: above 27.52 look for further upside with 27.72 & 27.90 as targets.
Comment: as long as 27.52 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
27.90
27.72
27.52
27.36 Last
27.18
27.00
26.82
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