Silver gained strong upside momentum and is trying to settle above the resistance at $25.85. RSI is still in the moderate territory so there is plenty of room to gain additional momentum in case the right catalysts emerge.
If silver settles above the resistance at $25.85, it will head towards the next resistance level at $26.30. A move above $26.30 will open the way to the test of the resistance at $27.00. If silver gets above $27.00, it will move towards the next resistance level at $27.50.
On the support side, silver needs to get back below $25.85 to have a chance to develop downside momentum. If silver declines below this level, it will head towards the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver declines below $25.30, it will get to the test of the support at $25.00.
If silver settles above the resistance at $25.85, it will head towards the next resistance level at $26.30. A move above $26.30 will open the way to the test of the resistance at $27.00. If silver gets above $27.00, it will move towards the next resistance level at $27.50.
On the support side, silver needs to get back below $25.85 to have a chance to develop downside momentum. If silver declines below this level, it will head towards the next support at $25.55. A move below $25.55 will push silver towards the support at $25.30. In case silver declines below $25.30, it will get to the test of the support at $25.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.