Instrument: SILVER
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 24.443 with take profit at 24.527.
Bearish Preference:
A sell position is envisaged if the price trades below 24.266 with take profit at 24.197
Fundamentals:
None with High Impact
Comment:
Looking back at Wednesday, silver prices (XAG/USD) sprung back to life, rallying more than 3.5% to $24.37 an ounce on Thursday, bolstered by falling rates and a softer U.S. dollar.
Analysis: SCRUM Team