Technical Analysis (Silver) : XAG/USD 16 August 2022

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 August 2022

Pivot point : 20.40

Our preference : short positions below 20.40 with targets at 20.05 & 19.90 in extension.

Alternative scenario : above 20.40 look for further upside with 20.60 & 20.75 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

20.75 **
20.60 *
20.40
20.17 – Last price
20.05
19.90 *
19.75 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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