Technicals

Add as a preferred source on Google

FxWirePro: Silver breaks major resistance around $16.10, good to buy at dips

Silver has broken major resistance $16.10 and jumped till $16.17. It is currently trading at $16.10. Any break above $16.20 will take the pair to next target $16.54/$16.93/$17.20. On the downside minor support is around …

1 min read
FxWirePro: Silver breaks major resistance around $16.10, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • Silver has broken major resistance $16.10 and jumped till $16.17. It is currently trading at $16.10.

  • Any break above $16.20 will take the pair to next target $16.54/$16.93/$17.20.

  • On the downside minor support is around $15.75 and break below targets $15.35/$15.

  • Overall bullish invalidation only below $15

It is good to buy at dips around $15.75 with SL around $15.30 for TP of $16.50/$16.80

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560