Silver 13.01.2021

Technical Analysis
Tuesday, January 12, 2021 - 23:55
Point Trader Group

Overview:

Prices are moving in a short term bearish direction

Expected:

The pair is trading below a strong resistance level around $ 26, which enhances the downside chances during today's trading to 25.30

Alternative Scenario:

On the other hand, we see that if the level of $ 26 is broken to the upside, this pair might push further up to $ 26.33.

 

Resistance26.0026.3026.50
Support25.3025.1525.00

 

  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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