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Silver (CME) (Z3) intraday: short term technical rebound towards 23.48 before a new drop

2023-10-24
652

23.48 is our pivot point.

Our preference: short term technical rebound towards 23.48 before a new drop.

Alternative scenario: above 23.48, look for 23.74 and 23.90.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver (CME) (Z3) stands above its 20 period moving average (23.20) but below its 50 period moving average (23.28).

Supports and resistances:

23.90 **

23.74 *

23.48 **

23.38

23.25 last

22.91

22.75 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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