Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Silver faces key resistance at $15.77, a break will targets $16.34/$17.75 marks

  • XAG/USD is currently trading around $15.60 marks.
     
  • It made intraday high at $15.71 and low at $15.46 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.46 marks.
     
  • On the top side, key resistance is seen at $15.77. A sustained break will take the parity towards $16.34/$17.75 levels.
     
  • Alternatively, rebound from $15.77 will drag the parity back below $15.00 level.
     
  • Initial support levels are seen at $15.54, $15.44 and $15.32 marks.
     
  • Resistance levels are seen at $15.77, $16.34 and $17.75 thereafter.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.