Silver 23.03.2022

Technical Analysis
Wednesday, March 23, 2022 - 09:02
Point Trader Group
Silver 23.03.2022

Overview:

The pair is trading in a downtrend

Expected scenario:

The pair recently reached a strong support around $24.50 which enhances the chances of a rise to 25.50

Alternative scenario:

On the other hand, we see that if the level of 24.50 is broken down, it may push the pair down to $24.

 

Resistance levels

25.50

26.00

27.30

 

Support levels

24.50

24.00

23.86

  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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