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Heading North

SILVER TECHS
  • RES 4: $27.245 - High Jun 17 2021
  • RES 3: $26.789 - 61..8% retracement of the Feb - Dec downleg
  • RES 2: $26.467 - High Jul 14 2021
  • RES 1: $26.310 - Intraday high
  • PRICE: $26.042 @ 07:59 GMT Mar 8
  • SUP 1: $24.866 - Low Mar 2
  • SUP 2: $23.850 - Low Feb 24
  • SUP 3: $23.807 - 50-day EMA
  • SUP 4: $22.863/008 - Low Feb 11 / Low Feb 3 and key S/T support

Silver remains in an uptrend and has again today confirmed a resumption of its bull cycle. The metal has cleared resistance at $25.406, the Nov 16 2021 high and has this week breached the $26.00 handle. An extension higher would pave the way for strength towards $26.467, the Jul 14 2021 high and $26.789, a Fibonacci retracement. Initial support is seen at $24.866, the Mar 2 low.

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