Silver (CME) Intraday: capped by a negative trend line.
Our preference: short positions below 23.34 with targets at 22.96 & 22.78 in extension.
Alternative scenario: above 23.34 look for further upside with 23.49 & 23.68 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
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.