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Silver (CME) (H4) intraday: the upside prevails as long as 25.39 is support
2023-12-01
735
25.39 is our pivot point.
Our preference: the upside prevails as long as 25.39 is support.
Alternative scenario: below 25.39, expect 25.14 and 25.00.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Silver (CME) (H4) is trading above both its 20 and 50 period moving average (respectively at 25.66 and 25.67).
Supports and resistances:
26.50 **
26.35 *
26.20 **
26.06
25.70 last
25.49
25.39 **
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