Silver Middle Term: watch 54.00.

Silver (XAG/USD)
-2.108-2.81%
short positions below 90.00 with targets at 54.00 & 46.00 in extension.
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Pivot: 90.00

Our preference: short positions below 90.00 with targets at 54.00 & 46.00 in extension.

Alternative scenario: above 90.00 look for further upside with 96.50 & 110.00 as targets.

Comment: as long as 90.00 is resistance, likely decline to 54.00.

Supports and resistances:
110.00 **
96.50 ***
90.00 ***
72.99 Last
54.00 ***
46.00 ***
39.00 **

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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