Silver Intraday: under pressure.

May 24, 2024 01:36
Silver (XAG/USD)
-1.186-3.86%
short positions below 30.60 with targets at 29.80 & 29.40 in extension.
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Pivot: 30.60

Our preference: short positions below 30.60 with targets at 29.80 & 29.40 in extension.

Alternative scenario: above 30.60 look for further upside with 31.00 & 31.35 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
31.35
31.00
30.60
30.28 Last
29.80
29.40
29.00

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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