Market traded sideways on Thursday trading in a narrow-range inside the value area, between the upper and lower value area.
For Tuesday a breakout above 2585 resistance, if it can stay above, could trigger a short-covering rally, targeting 2625. On a really strong short-covering rally, next resistance above 2625 is 2655.
Key Level For Tuesday is 2575, Bullish above, Bearish below.
Resistance are 2585, 2590, 2600, 2625, 2655
Supports are 2570, 2560, 2550
Value Area High = 2580.25
Point-of-Control = 2571.25
Value Area Low = 2569.25
Forensic Analysis of Fed Action on Silver Price
2 years ago
