Silver Intraday: Target level as a potential turning point

Silver (XAG/USD)
+0.111+0.17%
As long as 62.13 is support, look for 65.52
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Our pivot point is at 62.13.

Our preference: As long as 62.13 is support, look for 65.52

Alternative scenario: below 62.13, expect 61.01 and 60.34.

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:
66.19 *
65.52 **
64.84
64.58 last
62.13 **
61.01 *
60.34 **

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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