Technical Analysis (Silver) : XAG/USD 16 November 2021

16 November 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAG/USD (Silver)

Forex Technical Analysis : XAGUSD 16 November 2021

Forex Technical Analysis : XAGUSD (Silver)

Date : 16 November 2021

Pivot point : 24.88

Our preference : long positions above 24.88 with targets at 25.25 & 25.38 in extension.

Alternative scenario : below 24.88 look for further downside with 24.78 & 24.67 as targets.

Comment : a support base at 24.88 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

25.50 **
25.38 *
25.25
25.05 – Last price
24.88
24.78 *
24.67 **

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

Source : Trading Central

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