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.
SUPPORTS | RESISTANCES |
$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

TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills