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