FX.co ★ XAG/USD, SILVER

SILVER Silver (H1) is trading near the day's opening level of 70.10 and near the daily Pivot level of 70.08. The main indicators show a northward direction and the price is above the MA72 trend line, where volume unloading usually occurs. A price increase above the 70.10 level will allow the price to move towards the 70.51 level or even higher towards the 71.31 level and beyond. Below the 70.10 level, the pair will head south towards the 69.79 level and may even go lower to 68.00 and below. The pair is trading below the monthly Pivot level of 78.80 (previous 75.30), above the weekly Pivot level of 66.15, and near the daily Pivot level, indicating a corrective sentiment for the pair. The current session's opening level is 70.10. The first resistance is at 70.51, the first support at 69.80.