Silver September, 02 2020

Technical Analysis
Wednesday, September 02, 2020 - 14:30
Point Trader Group
Silver September, 02 2020

Overview:

We notice on the above chart that the pair is trading below a strong resistance level around 28.80, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 27

Alternative Scenario:

On the other hand, we think that if the 28.80 level is broken to the upside, this pair might push up to 29.20


 

Resistance28.8029.0029.20
Support27.0026.8026.50

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