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Bullish Outlook

SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsForeign Exchange Bullets
  • RES 4: $26.222 - High Apr 18 ‘22
  • RES 3: $26.135 - High May 5 ‘23 and a key M/T resistance
  • RES 2: $25.761 - High Dec 4 and a key resistance
  • RES 1: $25.448 - High Mar 15
  • PRICE: $24.979 @ 08:03 GMT Mar 19
  • SUP 1: $23.873 - 20-day EMA
  • SUP 2: $23.428 - 50-day EMA
  • SUP 3: $22.277 - Low Feb 28
  • SUP 4: $21.928 - Low Jan 22 and a key support

A bullish condition in Silver remains intact and last week’s gains reinforce current conditions. The metal has traded through $24.856, 76.4% of the Dec 4 - Jan 22 bear leg. A continuation higher would signal scope for a climb towards $25.761, the Dec 4 high and the next key resistance. On the downside, initial firm support to watch lies at $23.984, the 20-day EMA. A pullback would be considered corrective.

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  • RES 4: $26.222 - High Apr 18 ‘22
  • RES 3: $26.135 - High May 5 ‘23 and a key M/T resistance
  • RES 2: $25.761 - High Dec 4 and a key resistance
  • RES 1: $25.448 - High Mar 15
  • PRICE: $24.979 @ 08:03 GMT Mar 19
  • SUP 1: $23.873 - 20-day EMA
  • SUP 2: $23.428 - 50-day EMA
  • SUP 3: $22.277 - Low Feb 28
  • SUP 4: $21.928 - Low Jan 22 and a key support

A bullish condition in Silver remains intact and last week’s gains reinforce current conditions. The metal has traded through $24.856, 76.4% of the Dec 4 - Jan 22 bear leg. A continuation higher would signal scope for a climb towards $25.761, the Dec 4 high and the next key resistance. On the downside, initial firm support to watch lies at $23.984, the 20-day EMA. A pullback would be considered corrective.