Silver 08.03.2021

Technical Analysis
Monday, March 08, 2021 - 23:29
Point Trader Group
Silver 08.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

The pair is trading above a strong support level around 24.85, which enhances chances of a bullish move during today's trading to 25.97

Alternative Scenario: 

On the other hand, we think that if the level of 24.85 is broken to the downside, it might push the pair down to 24.65 and from it to 24.10.

 

Resistance25.9726.2026.50
Support24.8524.6524.10

 

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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