Silver Technical Analysis (XAG) Thursday, February 11
After hitting a high of $ 27.81 at the beginning of the week, the price of silver is experiencing a volatile trend in the range of $ 26.82.
This price correction was accompanied by the formation of a candle pattern with long shadows and is a sign of buyers' reluctance to act. Thus, there is a possibility of further fall in the price of silver.
The first support level is at $ 25.90, the weekly price floor. If the price penetrates below this level, the next target will be $ 24.60 support.
On the other hand, this week's price ceiling of $ 27.81 plays the role of a resistance for buyers.
Last price of the day: $ 26.82
Daytime fluctuations: 0.19-
Daytime fluctuations (٪): -0.70
Starting price: $ 27.01
20-day moving average: $ 26.2
50-day moving average: $ 25.79
100-day moving average: $ 24.92
200-day moving average: $ 23.28
Yesterday's highest price: $ 27.53
Yesterday's lowest price: $ 26.82
Last week's highest price: $ 30.07
Last week's lowest price: $ 25.9
Last month's highest price: $ 27.92
Last month's lowest price: $ 24.19
Fibonacci 38.2. Daily: $ 27.09
Fibonacci 61.8. Daily: $ 27.26
Pivot S1 Daily: $ 26.71
Pivot S2 Daily: $ 26.41
Pivot S3 daily: $ 26
Pivot R1 Daily: $ 27.42
Pivot R2 Daily: $ 27.83
Pivot R3 Daily: $ 28.13