SILVER

Selling pressure still continue toward the nearest support level, which is confirmed by both EMAs forming a Death Cross.

Key Levels

1. Resistance. 2 : 77.822

2. Resistance. 1 : 75.443

3. Pivot : 73.717

4. Support. 1 : 71.328

5. Support. 2 : 69.612

Tactical Scenario

Pressure Zone: If the price breaks down below 71.328, there is potential for continued pressure toward 69.612.

Momentum Extension Bias: If 69.612 is breached, Silver could continue weakening to test 67.223.

Invalidation Level / Bias Revision

The downside bias is restrained if the price breaks out above 77.822.

Technical Summary

EMA(50) : 73.550

EMA(200): 75.126

RSI(14) : 56.53

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Building Permits - 19:30 WIB

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