FX.co ★ XAG/USD, SILVER

SILVER (H1) is trading above the day's opening level of 70.12 and above the daily Pivot level of 69.79. Key indicators are showing bullish signals, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. A price increase above the level of 72.65 will allow the price to move towards 73.50 or even higher towards 74.50 and beyond. Below the level of 72.65, the pair will head south towards 72.00 and may even go lower to 71.00 and below. The pair is trading below the monthly Pivot level of 83.97 (previous 92.77), above the weekly Pivot level of 68.39, and above the daily Pivot level, indicating a corrective sentiment for the pair. The current fork at this session is at the level of 72.65. The first resistance is at 73.50, and the first support is at 72.00.