Silver Tests Support At The 50 EMA At $25.80
Silver failed to settle above the resistance at $26.30 and pulled back closer to the support level which is located at the 50 EMA at $25.80. The 20 EMA is located at the same level, so silver will likely get material support in the $25.75 - $25.85 area.
A move below this support area will open the way to the test of the next support at $25.55. If silver manages to settle below the support at $25.55, it will head towards the support at $25.30.
On the upside, silver needs to settle above the resistance at $26.30 to have a chance to develop upside momentum in the near term. A move above this level will push silver towards the next resistance level at $26.65. In case silver settles above $26.65, it will head towards the resistance at $27.00.
A move below this support area will open the way to the test of the next support at $25.55. If silver manages to settle below the support at $25.55, it will head towards the support at $25.30.
On the upside, silver needs to settle above the resistance at $26.30 to have a chance to develop upside momentum in the near term. A move above this level will push silver towards the next resistance level at $26.65. In case silver settles above $26.65, it will head towards the resistance at $27.00.
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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.