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

TP Global FX Research Team
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