Silver Battle Lines Drawn - Key Range Break Pending
#Silver rebounded off confluent technical support last week at the 2021 low-week close / 52-week moving average. The immediate focus remains on a breakout of the 22.36-24.59 range for guidance here.
Ultimately a breach / close above the 2023/2022 high-week closes at 25.67/86 is needed to mark resumption of the broader uptrend.
Break below this key support barrier would threaten a spill towards 20.82.
Bottom Line: Silver just rebounded off confluent uptrend support - further upside potential here near-term but the focus remains on a breakout of the broader multi-month range in XAG/USD.
Ultimately a breach / close above the 2023/2022 high-week closes at 25.67/86 is needed to mark resumption of the broader uptrend.
Break below this key support barrier would threaten a spill towards 20.82.
Bottom Line: Silver just rebounded off confluent uptrend support - further upside potential here near-term but the focus remains on a breakout of the broader multi-month range in XAG/USD.
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.