FX.co ★ XAG/USD, SILVER

SILVER (H1) is trading near the day's opening level of 79.96 and below the daily Pivot level of 84.75. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. A price increase above the 79.96 level will allow the price to move towards 81.54 or even higher towards 83.29 and beyond. Below the 79.96 level, the pair will head south towards 78.40 and may even go lower to 76.50. The pair is trading below the monthly Pivot level of 83.97 (previous 92.77), below the weekly Pivot level of 83.29, and below the daily Pivot level, indicating a bearish sentiment for the pair. At the current moment of this session, the day's opening level is 79.96. The first resistance is at 81.54, and the first support is at 78.43.