Silver (CME) (H4) intraday: the upside prevails as long as 25.35 is support
Our pivot point is at 25.35.
Our preference: the upside prevails as long as 25.35 is support.
Alternative scenario: the downside breakout of 25.35 would call for 25.10 and 24.95.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver (CME) (H4) is trading above both its 20 and 50 period moving average (respectively at 25.46 and 25.44).
Supports and resistances:
26.36 **
26.21 *
26.07 **
25.92
25.58 last
25.44
25.35 **
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