Silver spot Intraday: bullish bias above 27.6800.

XAGUSD

Trading Central 2021-02-23 15:31:06

Pivot: 27.6800

Our preference: long positions above 27.6800 with targets at 28.5000 & 28.7500 in extension.

Alternative scenario: below 27.6800 look for further downside with 27.4600 & 27.2500 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

29.0000

28.7500

28.5000

28.0500 Last

27.6800

27.4600

27.2500

Disclaimer

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