Silver

Based on the appearance of a Bearish Divergence between the RSI and the Silver price movement, there is potential for a weakening towards the nearest support level in the near future.

Key Levels

1. Resistance. 2 : 75.437

2. Resistance. 1 : 74.188

3. Pivot : 71.987

4. Support. 1 : 70.738

5. Support. 2 : 68.537

Tactical Scenario

Pressure Prone Zone: If the price breaks below 75.437, there is potential for silver to be under pressure towards 74.188.

Momentum Extension Bias: If 74.188 is also successfully broken, there is an opportunity for silver to reach 71.987.

Invalidation Level / Bias Revision

Downside bias is maintained if the silver price breaks above 77.638.

Technical Summary

EMA(50) : 73.943

EMA(200): 72.878

RSI(14) : 71.75

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