Silver Consolidates Around $25.50 mark, A sustained close above $25.57 requires for the Upside Rally; Aug 02, 2021

Technical View:

  • Silver moves in rigid boundaries and consolidates around $25.50 mark.
  • Today the pair made intraday high at $25.63 and low at $25.32 mark.
  • A day chart is down but H1 chart with triple EMA confirms bullish trend for the time being.
  • A sustained close above $25.57 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$25.38 on H1 Chart will check further downside supports too.
SUPPORTS RESISTANCES
$25.32 $25.64
$25.25 $25.69
$25.21 $25.74
$25.17 $25.79
$25.11 $25.85

 

Take a look and do trade wisely!
Good Luck