Silver may fall to 30.60 - 30.85
BY Trading Central
|October 8, 2024Intraday: key resistance at 31.75.
Pivot
31.75
Our preference
Short positions below 31.75 with targets at 30.85 & 30.60 in extension.
Alternative scenario
Above 31.75 look for further upside with 32.00 & 32.33 as targets.
Comment
As long as the resistance at 31.75 is not surpassed, the risk of the break below 30.85 remains high.
Supports and resistances
32.33
32.00
31.75
31.41 Last
30.85
30.60
30.40
Number of asterisks represents the strength of support and resistance levels.
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