Silver 20.05.2021

Technical Analysis
Thursday, May 20, 2021 - 13:31
Point Trader Group
Silver 20.05.2021

Overview: 

Prices are moving in an upward direction 

Expected scenario: 

The pair is trading above a strong support level around 27.50, which enhances chances of a bullish move during today's trading to 28.15 

Alternative scenario: 

On the other hand, we think that if the 27.50 level is broken down, the pair might push further to the downside, reaching 27.

Resistance levels

28.00

28.15

28.39

Support levels

27.50

27.00

26.51

 

  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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