Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 $19.32 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.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.