Markets

Silver- Daily technical Forecast

Silver closed higher on Thursday as it extends the rebound off Monday's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are diverging and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above last Thursday's high crossing are needed to confirm that a low has been posted. If it extends the decline off June's high, June's low crossing is the next downside target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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