Silver Short Term: The upside prevails as long as 58.04 is support
Silver (XAG/USD)+0.336+0.52%
The upside prevails as long as 58.04 is support, with 74.25 and 78.53 as targets

Our pivot point is at 58.04.
Our preference: The upside prevails as long as 58.04 is support, with 74.25 and 78.53 as targets
Alternative scenario: below 58.04, expect 51.07 and 46.93.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 60.55 and 61.29).
Supports and resistances:
82.82 *
78.53 **
74.25
64.67 last
58.04 **
51.07 *
46.93 **
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