02.07.2020 Silver Daily Analysis
Silver managed to get above $18.00 and developed significant upside momentum. Currently, silver is testing the next resistance below $18.50 as the U.S.
Yayınlanma: 2 Temmuz 2020 18:56
Güncellenme: 1 Nisan 2024 12:36
02.07.2020 Silver Daily Analysis
Silver managed to get above $18.00 and developed significant upside momentum. Currently, silver is testing the next resistance below $18.50 as the U.S. dollar is flat against a broad basket of currencies while gold is trying to get closer to the $1800 level. The U.S. Dollar Index has failed to settle above the key resistance at 97, 5. Silver gained upside momentum above $18.00 and tested the next resistance level below $18.50. On its first attempt, silver did not manage to settle above $18.50, but it will continue such attempts in case it manages to stay above $18.00. In case silver gets above $18.50, it will head towards the test of the major resistance level at $19.00. On the support side, a move below $18.00 will put silver back into the trading range between the major support at $17.50 and $18.00.
