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Silver (CME) (H4) intraday: as long as 25.46 is support look for 26.16
2023-12-01
449
Our pivot point is at 25.46.
Our preference: as long as 25.46 is support look for 26.16.
Alternative scenario: below 25.46, expect 25.21 and 25.06.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Silver (CME) (H4) is trading above both its 20 and 50 period moving average (respectively at 25.68 and 25.54).
Supports and resistances:
26.46 **
26.31 *
26.16 **
26.02
25.72 last
25.55
25.46 **
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