Silver 15.04.2021

Technical Analysis
Thursday, April 15, 2021 - 12:54
Point Trader Group
Silver 15.04.2021

Overview:

Prices are moving in a short-term uptrend

Expected scenario:

We notice on the above chart that the pair is trading below a strong resistance level around 25.70, which enhances the downside chances during today's trading to 25.20.

Alternative scenario:

On the other hand, we think that if the level of 25.70 was broken to the upside, this pair might push further to the upside, reaching 26.

 

Resistance levels

25.70

26.00

26.30

Support levels

25.20

25.00

24.86

 

  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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