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Reverses Off Key Resistance

SILVER TECHS
  • RES 4: $26.222 - High Apr 18 2022 and a key resistance
  • RES 3: $26.135 - High May 5 and bull trigger
  • RES 2: $25.323 - 4.0% 10-dma envelope
  • RES 1: $25.267 - High Jul 20
  • PRICE: $24.770 @ 08:48 BST Jul 21
  • SUP 1: $24.099 - Low Jul 13
  • SUP 2: $23.353 - 20-day EMA
  • SUP 3: $22.527 - Low Jul 6
  • SUP 4: $22.111 - Low Jun 23 and the bear trigger

Silver rejected a push higher Thursday, returning lower into the close to strike a more neutral tone into the final session of the week. Markets failed to carry momentum higher after the break of resistance at $24.530, the Jun 9 high, with $26.1350, the May 5 high holding as key resistance ahead. On the downside, initial firm support is seen at $23.353, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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