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Silver (CME) (H4) intraday: target 25.38
2023-12-04
977
Our pivot point stands at 26.08.
Our preference: target 25.38.
Alternative scenario: above 26.08, look for 26.33 and 26.48.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Silver (CME) (H4) is below its 20 period moving average (25.93) but above its 50 period moving average (25.78).
Supports and resistances:
26.48 **
26.33 *
26.08 **
25.98
25.86 last
25.53
25.38 **
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