Silver lining up for further downside?

Silver - Intraday - We look to Sell at 19.53 (stop at 19.82)

Preferred trade is to sell into rallies. The medium term bias remains bearish. 50 1hour EMA is at 19.60. Daily signals are bearish. There is scope for mild buying at the open but gains should be limited.

Our profit targets will be 18.80 and 18.50

Resistance: 19.60 / 20.90 / 24.00
Support: 18.80 / 17.00 / 15.00

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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Chart PatternsTechnical IndicatorsSilverTrend AnalysisXAGXAG USD ( Silver / US Dollar)

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