Silver (CME) (Z3) intraday: above its upper Bollinger band
Our pivot point is at 21.28.
Our preference: the upside prevails as long as 21.28 is support.
Alternative scenario: below 21.28, expect 21.05 and 20.91.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver (CME) (Z3) is trading above both its 20 and 50 period moving average (respectively at 21.24 and 21.16). Finally, the Silver (CME) (Z3) is trading above its upper Bollinger band (standing at 21.61).
Supports and resistances:
22.35 **
22.22 *
22.08 **
21.94
21.63 last
21.37
21.28 **
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