Silver may rise to 29.50 - 31.60

ST: caution.

Pivot

27.40

Our preference

Long positions above 27.40 with targets at 29.50 & 31.60 in extension.

Alternative scenario

Below 27.40 look for further downside with 26.00 & 24.20 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

32.85 ***

31.60 ***

29.50 ***

28.00 Last

27.40 ***

26.00 ***

24.20 ***

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

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.

Join us on social media

Trading Central

Related Posts

Analysis

USD/JPY may fall 24 - 74 pips

Intraday: the downside prevails. Pivot 148.40 Our preference Short positions below 148.40 with targets at 147.50 & 147.00 in extension. Alternative scenario Above 148.40 look for furthe...

Analysis

Tesla stock plummets 50% wiping out $50 billion in market cap

In a narrative no less intriguing than a Hollywood blockbuster, Tesla's stock has plummeted for 7 straight weeks in a row, wiping out over $800 Billion in market capitalization. Tesla down 5...

Analysis

Dax may fall to 22510.00 - 22790.00

Intraday: key resistance at 23500.00. Pivot 23500.00 Our preference Short positions below 23500.00 with targets at 22790.00 & 22510.00 in extension. Alternative scenario Above 23500.00 ...

Analysis

EUR/USD may rise 51 - 96 pips

Intraday: the upside prevails. Pivot 1.0535 Our preference Long positions above 1.0535 with targets at 1.0670 & 1.0715 in extension. Alternative scenario Below 1.0535 look for further d...