SILVER 19.04.2021

Technical Analysis
Monday, April 19, 2021 - 13:31
Point Trader Group
SILVER 19.04.2021

Overview:

Prices are moving in a short term downtrend

Expected scenario: 

The above chart shows that the pair is trading above a strong support level around $ 25.60, which enhances the chances of a bullish move during today's trading to $ 26. 

Alternative scenario: 

On the other hand, we believe that if the level of $ 25.60 is broken to the downside, this pair may push further down to $ 25..

 

Resistance levels

26.00

26.30

26.46

Support levels

25.70

25.60

25.00

 

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


Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice