Want To Trade in Silver? Let’s Check The Trading Possibilities; July 28, 2021

Technical View:

  • Silver spiked down sharply in previous session and touched $24.49 mark.
  • Today pair recovers slightly from previous losses and jumps back above $24.80 mark.
  • Today the pair made intraday high at $24.86 and low at $24.65 mark.
  • A day chart and H1 chart with triple EMA confirms bearish trend for the time being.
  • A sustained close above $24.84 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below$24.68 on H1 Chart will check further downside supports too.
$24.65 $24.84
$24.61 $24.89
$24.55 $24.96
$24.48 $25.08
$24.42 $25.17

Take a look and do trade wisely!
Good Luck