Silver may rise to 31.40 - 31.83

Pivot

30.90

Our preference

Long positions above 30.90 with targets at 31.40 & 31.83 in extension.

Alternative scenario

Below 30.90 look for further downside with 30.80 & 30.62 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

31.75

31.63

31.40

31.06 Last

30.90

30.80

30.62

Number of asterisks represents the strength of support and resistance levels.
Technical IndicatorsTrend AnalysisWave Analysis

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