(12 August 2020)Silver spot ($) Under pressure.

(12 August 2020)Silver spot ($) Under pressure.

12 August 2020, 09:19
Jiming Huang
1
88

sl
Pivot
 (invalidation): 25.1500
Our preference
Short positions below 25.1500 with targets at 23.4000 & 22.8000 in extension.
Alternative scenario
Above 25.1500 look for further upside with 25.9500 & 26.7500 as targets.
Comment
As Long as the resistance at 25.1500 is not surpassed, the risk of the break below 23.4000
remains high.

(By Swissquote TRADING CENTRAL)