Technicals

Add as a preferred source on Google

FxWirePro: Silver hovers around fresh 3-week low at $18.69, consistent break below targets $18.17

XAG/USD is currently trading around $18.77 marks. It made intraday high at $18.87 and low at $18.71 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.32 marks. A daily close above $19.3…

1 min read
FxWirePro: Silver hovers around fresh 3-week low at $18.69, consistent break below targets $18.17
Image from the original EconoTimes article

Read the original article

  • XAG/USD is currently trading around $18.77 marks.
     
  • It made intraday high at $18.87 and low at $18.71 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at $19.32 marks. 
     
  • A daily close above $19.32 will test key resistances at $19.52/$19.78/$19.92/$20.05/20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
     
  • Alternatively, a daily close below $18.60 will take the parity down towards key supports at $18.46, $18.36 and $18.17 marks respectively.

We prefer to go short on XAG/USD around $18.83 with stop loss at $19.01 and target of $18.46/$18.17.

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