Silver may rise to 31.40 - 31.83
Pivot
30.90
Our preference
Long positions above 30.90 with targets at 31.40 & 31.83 in extension.
Alternative scenario
Below 30.90 look for further downside with 30.80 & 30.62 as targets.
Comment
The RSI calls for a new upleg.
Supports and resistances
31.75
31.63
31.40
31.06 Last
30.90
30.80
30.62
Number of asterisks represents the strength of support and resistance levels.
30.90
Our preference
Long positions above 30.90 with targets at 31.40 & 31.83 in extension.
Alternative scenario
Below 30.90 look for further downside with 30.80 & 30.62 as targets.
Comment
The RSI calls for a new upleg.
Supports and resistances
31.75
31.63
31.40
31.06 Last
30.90
30.80
30.62
Number of asterisks represents the strength of support and resistance levels.
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