Silver Moves Higher Amid Demand For Safe Haven Assets
Silver gained strong upside momentum and is trying to settle above the resistance at $26.25 - $26.30. RSI remains in the moderate territory, and there is plenty of room to gain additional momentum in case the right catalysts emerge.
If silver settles above $26.30, it will move towards the next resistance level which is located at $26.65. In case silver manages to settle above $26.65, it will head towards the resistance at $27.00. A move above this level will open the way to the test of the resistance at $27.50.
On the support side, the nearest support level for silver is located at $25.85. If silver declines below this level, it will move towards the support at the 50 EMA at $25.70. A successful test of the support at the 50 EMA will open the way to the test of the support at the 20 EMA at $25.55.
If silver settles above $26.30, it will move towards the next resistance level which is located at $26.65. In case silver manages to settle above $26.65, it will head towards the resistance at $27.00. A move above this level will open the way to the test of the resistance at $27.50.
On the support side, the nearest support level for silver is located at $25.85. If silver declines below this level, it will move towards the support at the 50 EMA at $25.70. A successful test of the support at the 50 EMA will open the way to the test of the support at the 20 EMA at $25.55.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.