Silver Intraday: First target, continuation or consolidation?

Silver (XAG/USD)
+0.007+0.01%
The upside prevails as long as 58.01 is support, with 60.29 and 60.91 as targets
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Our pivot point is at 58.01.

Our preference: The upside prevails as long as 58.01 is support, with 60.29 and 60.91 as targets

Alternative scenario: below 58.01, expect 56.96 and 56.34.

Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.

Supports and resistances:
61.54 *
60.91 **
60.29
59.61 last
58.01 **
56.96 *
56.34 **

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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