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Accelerates Higher

SILVER TECHS
  • RES 4: $26.467 - High Jul 14, 2021
  • RES 3: $26.002 - High Aug 4, 2021
  • RES 2: $25.406 - High Nov 16, 2021 and a key resistance
  • RES 1: $25.151 - Intraday high
  • PRICE: $25.070 @ 08:33 GMT Feb 24
  • SUP 1: $23.989 - Low Feb 15
  • SUP 2: $23568 - 20-day EMA
  • SUP 3: $22.863/008 - Low Feb 11 / Low Feb 3 and key S/T support
  • SUP 4: $21.949 - Low Jan 7

Silver remains bullish and has traded sharply higher today. The bullish follow through suggests scope for a continuation higher towards $25.406, the Nov 16 2021 high, now that $24700, the Jan 20 high has been breached. Clearance of $25.406 would strengthen the case further for bulls. On the downside, initial support lies at $23.989, the Feb 15 high. Dips would be considered corrective.

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