Short Term Outlook: XAG/USD (Silver); July 20, 2021

Technical View:

  • Silver continues to trade lower on Tuesday and remains well supported $25.00 mark.
  • Today the pair made intraday high at $25.27 and low at $25.04 mark.
  • A day chart as well as H1 chart with triple EMA confirms bearish trend for the time being.
  • A sustained close above $25.25 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$25.04 on H1 Chart will check further downside supports too.
$25.04 $25.25
$24.99 $25.32
$24.93 $25.40
$24.86 $25.46
$24.79 $25.53


Take a look and do trade wisely!
Good Luck