Silver Intraday: intraday support around 33.50.
Silver (XAG/USD)
+0.009+0.03%
long positions above 33.50 with targets at 34.08 & 34.25 in extension.
Pivot: 33.50
Our preference: long positions above 33.50 with targets at 34.08 & 34.25 in extension.
Alternative scenario: below 33.50 look for further downside with 33.30 & 33.10 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
34.45
34.25
34.08
33.72 Last
33.50
33.30
33.10
Our preference: long positions above 33.50 with targets at 34.08 & 34.25 in extension.
Alternative scenario: below 33.50 look for further downside with 33.30 & 33.10 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
34.45
34.25
34.08
33.72 Last
33.50
33.30
33.10
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