FX.co ★ XAG/USD, SILVER

SILVER (H1) is trading below the day's opening level of 74.44 and above the daily Pivot level of 74.94. Key indicators are bearish, and the price is below the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 70.60 will allow the price to move towards 71.00 or even higher towards 72.00 and beyond. Below the level of 70.60, the pair will head south towards 70.00 and may even go lower to 69.61 and beyond. The pair is trading below the monthly Pivot level of 77.47 (previous 83.97), above the weekly Pivot level of 68.38, and below the daily Pivot level, indicating a corrective sentiment for the pair. The current session's fork level is 70.60. The first resistance is at 72.00, the first support at 69.61.