SILVER TECHS: Heading North
Apr-12 07:14By: Taso Anastasiou
- RES 4: $26.771 - High Mar 9 2022
- RES 3: $26.222 - High Apr 18 2022 and a key resistance
- RES 2: $26.002 - High Apr 19 2022
- RES 1: $25.424 - Intraday high
- PRICE: $23.319 @ 08:12 BST Apr 12
- SUP 1: $24.566 - Low Apr 6
- SUP 2: $23.765 - 20-day EMA
- SUP 3: $22.944 - 50-day EMA
- SUP 4: $22.157- Low Mar 21
Silver remains firm and the metal continues to appreciate, reinforcing the uptrend. The recent break of resistance at $24.637, the Feb 2 high, confirmed a resumption of the bull trend that started early September 2022. The focus is on $26.002 next, the Apr 19 2022 high. On the downside, a key support is seen at $23.765, the 20-day EMA. The trend is overbought, a pullback would be considered corrective.
