Silver 28.10.2021

Technical Analysis
Thursday, October 28, 2021 - 11:11
Point Trader Group
Silver 28.10.2021

Overview:

The above chart shows that the pair is trading in a short-term bullish trend

Expected scenario:

The pair is trading below a strong resistance level around 24.81, which enhances the chances of descending during today's trading to 23.25

Alternative scenario:

On the other hand, we see that if the level of 24.81 is broken upwards, it may push this pair to rise to 25 dollars

 

 

Resistance

24.81

25.00

25.30

Support

23.25

23.00

22.75

 

  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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