Silver spot Intraday: intraday support around 27.1

Silver spot Intraday: intraday support around 27.1100.

XAGUSD

Trading Central 2021-02-20 04:42:13

Pivot: 27.1100

Our preference: long positions above 27.1100 with targets at 27.6600 & 27.9500 in extension.

Alternative scenario: below 27.1100 look for further downside with 26.9200 & 26.5500 as targets.

Comment: a support base at 27.1100 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

28.1700

27.9500

27.6600

27.2400 Last

27.1100

26.9200

26.5500

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