Silver hits fresh 3 – month low at $24.75 mark, a sustained close below will check further supports; July 21, 2021

Technical View:

  • Silver sinks below $25.00 mark and hits fresh 3 – month low at $24.75 in early hours of Asia.
  • Today the pair made intraday high at $25.19 and low at $24.75 mark.
  • A day chart as well as H1 chart with triple EMA confirms bearish trend for the time being.
  • A sustained close above $25.15 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$24.80 on H1 Chart will check further downside supports too.
SUPPORTS RESISTANCES
$24.80 $25.15
$24.75 $25.20
$24.71 $25.23
$24.64 $25.28
$24.57 $25.35

Take a look and do trade wisely!
Good Luck