Silver SEP, 20 2021

Technical Analysis
Monday, September 20, 2021 - 13:49
Point Trader Group
Silver SEP, 20 2021

Overview: 

The pair is trading in a short-term downtrend.

Expected scenario: 

We notice on the chart that the pair is approaching a strong support level around 22.20 - 21.64, which enhances the chances of ascending during the upcoming period to 23.90

Alternative scenario: 

On the other hand, we see that if the 21.64 level is broken down, it may push this pair down to $21

 

Resistance

23.90

24.00

24.50

Support

22.18

21.64

21.30

 

  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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