Silver: Technical Rebound Continues
George Lam October 6, 2020 2:20 AM
Silver is extending its technical rebound as market sentiment improved and the U.S. dollar softened...
From a technical point of view, spot silver is extending its technical rebound as shown on the 1-hour chart. Previously, the RSI showed a bullish divergence and the white metal is now supported by a rising trend line drawn from its previous low. The level at $23.60 might be considered as the nearest support, with prices trending to test the 1st and 2nd resistance at $25.25 and $25.80 respectively.
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