Silver Overview
Silver has had a slight recovery from mid March considering the dump from late February 2020. XAG needs to break the previous high to show some vigour.
Area of Interest
Silver Could Break the Inner Downward Channel to test the previous high. As depicted if now break will slither along the trend line. A break above could see price venture into the Apex.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 15.31205
2nd Support Zone: 14.97791
3rd Support Zone: 14.72043
Resistance Levels:
1st Resistance Zone: 15.82005
2nd Resistance Zone: 16.51326
3rd Resistance Zone: 17.27190
Price Level Consideration
All Time High Half Way Point: 960.480
Prominent High: 15.85873
Prominent Low: 11.60858
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 17.63366
🐻 Bearish below: BEARISH at the moment
Monthly & Weekly Opens
Monthly Open:14.96137
Weekly Open: 15.46634
Silver has had a slight recovery from mid March considering the dump from late February 2020. XAG needs to break the previous high to show some vigour.
Area of Interest
Silver Could Break the Inner Downward Channel to test the previous high. As depicted if now break will slither along the trend line. A break above could see price venture into the Apex.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 15.31205
2nd Support Zone: 14.97791
3rd Support Zone: 14.72043
Resistance Levels:
1st Resistance Zone: 15.82005
2nd Resistance Zone: 16.51326
3rd Resistance Zone: 17.27190
Price Level Consideration
All Time High Half Way Point: 960.480
Prominent High: 15.85873
Prominent Low: 11.60858
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 17.63366
🐻 Bearish below: BEARISH at the moment
Monthly & Weekly Opens
Monthly Open:14.96137
Weekly Open: 15.46634
