Silver: the upside prevails as long 22.20 is support
The RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive. Silver is trading above both its 20 and 50 period moving average (respectively at 22.23 and 22.19).
Our preference: The upside prevails as long as 22.20 is support.
Alternative scenario: Below 22.20, expect 22.05 and 21.95.
The MACD is positive and above its signal line.
The configuration is positive. Silver is trading above both its 20 and 50 period moving average (respectively at 22.23 and 22.19).
Our preference: The upside prevails as long as 22.20 is support.
Alternative scenario: Below 22.20, expect 22.05 and 21.95.