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Silver (CME) Intraday: the downside prevails.

2024-04-22
520

Pivot: 28.21

Our preference: short positions below 28.21 with targets at 27.71 & 27.40 in extension.

Alternative scenario: above 28.21 look for further upside with 28.53 & 28.75 as targets.

Comment: the break below 28.21 is a negative signal that has opened a path to 27.71.

Supports and resistances:

28.75

28.53

28.21

27.88 Last

27.71

27.40

27.15

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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