Silver Intraday: Look for 65.79

Our pivot point is at 63.14.

Our preference: The upside prevails as long as 63.14 is support, with 65.79 and 66.47 as targets

Alternative scenario: below 63.14, expect 62.00 and 61.32.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 63.14 and 62.16).

Supports and resistances:
67.15 *
66.47 **
65.79
64.31 last
63.14 **
62.00 *
61.32 **