Be Watchful on Silver as It Hits Fresh 3 – month low at $25.30 mark, what’s Next?; July 19, 2021

Technical View:

  • Silver sinks sharply on Monday and hits fresh 3 – month low at $25.30 mark.
  • Today the pair made intraday high at $25.76 and low at $25.30 mark.
  • A day chart as well as H1 chart with triple EMA confirms down trend for the time being.
  • A sustained close above $25.54 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$25.26 on H1 Chart will check further downside supports too.
SUPPORTS RESISTANCES
$25.26 $25.54
$25.19 $25.62
$25.11 $25.68
$25.07 $25.76
$24.99 $25.82

Take a look and do trade wisely!
Good Luck