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Silver (CME) (Z3) intraday: the downside prevails as long as 23.57 is resistance

2023-10-24
716

Our pivot point stands at 23.57.

Our preference: the downside prevails as long as 23.57 is resistance.

Alternative scenario: above 23.57, look for 23.83 and 23.99.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Silver (CME) (Z3) stands below its 20 and 50 period moving average (respectively at 23.35 and 23.43).

Supports and resistances:

23.99 **

23.83 *

23.57 **

23.46

23.29 last

22.97

22.82 **

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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