#XAGUSD @ 19.593 Silver Price Analysis: to tumble towards the $15.56 support – Credit Suisse
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Silver (XAG/USD) maintains the top. Therefore, economists at Credit Suisse expect the precious metal to plunge towards the $15.56 support.
“Silver has risen back above the crucial 61.8% retracement support of the whole 2020/21 upmove at $18.65/15, however still maintains a large top below $21.39 and we hence expect further downside from here towards the $15.56 support from a technical analysis perspective.”
“Next resistance is seen at $20.87 and above $21.39 remains needed to negate the top, which is not our base case.”
[/s2If]
Join Our Telegram Group
