Silver Sinks Sharply on Friday, Markets eye U.S. Economic Results For the Further Directions; July 23, 2021

Technical View:

  • Silver dropped sharply on Friday and touches $25.15 mark.
  • Today the pair made intraday high at $25.47 and low at $25.15 mark.
  • A day chart is bearish but H1 chart with triple EMA confirms up trend for the time being.
  • A sustained close above $25.45 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$25.15 on H1 Chart will check further downside supports too.
$25.15 $25.45
$25.09 $25.49
$25.02 $25.54
$24.94 $25.60
$24.87 $25.64

Take a look and do trade wisely!
Good Luck