Silver may fall to 31.00 - 31.23

BY Trading Central

|November 8, 2024

Intraday: towards 31.00.

Pivot

31.95

Our preference

Short positions below 31.95 with targets at 31.23 & 31.00 in extension.

Alternative scenario

Above 31.95 look for further upside with 32.15 & 32.37 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

32.37

32.15

31.95

31.53 Last

31.23

31.00

30.81

Number of asterisks represents the strength of support and resistance levels.

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