Silver is currently testing the nearest resistance level at $27.00. If silver manages to get above this level, it will head towards the next resistance level at $27.50 although it may also face some resistance at $27.20. RSI has left the overbought territory after the recent sell-off, so there is plenty of room to gain upside momentum in case the right catalysts...
Silver gained strong downside momentum as retail traders rushed out of short squeeze plays. Currently, silver is trying to settle below the nearest support level at $26.70. If this attempt is successful, silver will move towards the next support level at $26.30. A successful test of the support at $26.30 will open the way to the test of the next support level...
Silver is currently trying to settle above the $30 level. Silver has not visited this territory for many years, and it remains to be seen whether previous levels will be relevant for today's trading. RSI has already reached the overbought territory but has not entered into the extremely overbought territory. Back in July 2020, RSI was at much higher levels so...
Silver got a boost from increased speculative activity in shares of silver miners. Currently, silver is trying to settle above the resistance at $27.20. If this attempt is successful, silver will get to another test of the resistance level at $27.50. If silver gets above this level, it will head towards the next resistance at $27.75. On the support side, the...
Silver gained strong upside momentum and managed to settle above the resistance at $25.85. Currently, silver is testing the next resistance level at $26.30. If this test is successful, silver will move towards the next resistance level which is located at $26.70. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in...
Silver managed to settle below the 50 EMA at $25.25 and is trying to get below the next support level at $25.00. If this attempt is successful, silver will head towards the next support level which is located at $24.70. A successful test of the support at $24.70 will push silver towards the support at $24.50. In case silver declines below this level, it will move...
Silver has recently made an attempt to settle below the support at the 50 EMA at $25.25 but failed to develop additional upside momentum and rebounded closer to the resistance at the 20 EMA at $25.55. If silver manages to settle above the 20 EMA, it will move towards the next resistance level at $25.85. A successful test of this level will likely provide silver...
Silver is currently testing the resistance level at the 20 EMA at $25.60. If this test is successful, silver will move towards the next resistance level at $25.85. This resistance has been tested several times in recent trading sessions and proved its strength. If silver manages to settle above the resistance at $25.85, it will gain additional upside momentum...
Oil made an attempt to settle below the support at $51.50 but failed to develop sufficient downside momentum and rebounded closer to the resistance at $52.70. If oil settles above this level, it will move towards the next resistance at $53.30. A successful test of this level will push oil towards the next resistance level which is located near recent highs at...
Silver tested the support at $25.00 but failed to develop additional downside momentum and rebounded above the 50 EMA at $25.25. The next resistance level for silver is located at the 20 EMA at $25.60. If silver manages to settle above this level, it will move towards the next resistance at $25.85. A move above this level will open the way to the test of the...
Oil has recently made an attempt to settle above the resistance at $53.80 but failed to gain additional upside momentum and pulled back. At this point, oil needs to settle back above $53.30 to have a chance to get to the test of the recent highs. A move above the resistance at $53.80 will push oil towards the next resistance level which is located at $54.40. On...
Silver managed to settle above the resistance at the 20 EMA at $25.55 and is trying to setttle above the next resistance level at $25.85. If silver manages to settle above this level, it will move towards the next resistance at $26.30. There are no important levels between $25.85 and $26.30 so silver may quickly get to the test of the resistance at $26.30. RSI...
Oil managed to get above the resistance at $53.30 and made an attempt to settle above the resistance at $53.80 which is located near multi-month highs at $53.90. In case oil settles above this level, it will move towards the next resistance at $54.40. A successful test of this level will push oil towards the $55 level. On the support side, a move below $53.30...
Silver managed to get above the resistance at $25.30 and is trying to settle above the next resistance level at the 20 EMA at $25.55. In case silver manages to settle above this level, it will head towards the next resistance at $25.85. A move above this level will push silver towards the resistance at $26.30. There are no important levels between $25.85 and...
Oil managed to get above the resistance at $52.70 and is trying to settle above the $53 level. If this attempt is successful, oil will get to the test of the next resistance at $53.30. A move above this level will push oil towards the resistance near the recent highs at $53.80. In case oil gets above $53.80, it will move towards the resistance at $54.40. On the...
Silver is currently testing the resistance level at $25.30. If this test is successful, silver will move towards the next resistance level which is located at the 20 EMA at $25.55. A successful test of the resistance at $25.55 will open the way to the test of the resistance level at $25.85. In case silver manages to get above $25.85, it will head towards the...
Today, silver tested the support level at $24.00 but failed to develop additional downside momentum and rebounded closer to the $25 level. The nearest significant resistance level for silver is located at the 50 EMA at $25.15. If silver manages to settle above this level, it will move towards the next resistance at $25.30. A successful test of this level will...
Oil failed to settle above the resistance at $53.80 and gained strong downside momentum. Currently, oil is trying to settle below the support level at $52.00 The next support level is located at $51.50. If oil declines below this level, it will head towards the support at $50.90. A move below $50.90 will push oil towards the 20 EMA at $50.10. On the upside, oil...