Fri, Jan 22, 2021 @ 06:07 GMT
Home Contributors Technical Analysis Silver Spot: The Downside Prevails

Silver Spot: The Downside Prevails

Pivot (invalidation): 23.7200

Our preference Short positions below 23.7200 with targets at 22.9700 & 22.6500 in extension.

Alternative scenario Above 23.7200 look for further upside with 23.8700 & 24.0200 as targets.

Comment The immediate trend remains down and the momentum is strong


Swissquote Bank SA
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Learn Forex Trading