Silver Stays Range-Bound At The Start Of The Week
Silver did not manage to settle below the support at $25.85 and stays in the range between $25.85 and the resistance at $26.30. If silver settles above the high end of this range, it will head towards the next resistance level at $26.65. This resistance level has been tested several times and proved its strength.
A successful test of the resistance at $26.65 will push silver towards the next resistance level which is located at $27.00. In case silver gets above $27.00, it will move towards the resistance at $27.50.
On the support side, silver needs to settle below the support at $25.85 to have a chance to develop downside momentum. The next support level is located at the 50 EMA at $25.75.
The 20 EMA is located in the nearby, so silver will likely get material support in the $25.70 - $25.85 area. If silver declines below this area, it will head towards the support at $25.55.
A successful test of the resistance at $26.65 will push silver towards the next resistance level which is located at $27.00. In case silver gets above $27.00, it will move towards the resistance at $27.50.
On the support side, silver needs to settle below the support at $25.85 to have a chance to develop downside momentum. The next support level is located at the 50 EMA at $25.75.
The 20 EMA is located in the nearby, so silver will likely get material support in the $25.70 - $25.85 area. If silver declines below this area, it will head towards the support at $25.55.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.