Silver’s price fell a little, but it was still above the lows of the session. Silver prices fell as the dollar climbed to new highs. Silver was able to defy the precious metals trend because gold prices were higher. Short-term Treasury rates rose after the U.S. ADP Private Payroll Report came in better than anticipated, causing the dollar to rise.
The support rests at 22.583 with resistance at 22.856. The pivot point at 22.678 is located below the price line. The EMA of 10 is moving with horizontal trend and it is below EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges and generated a sell signal. The RSI is moving around the level of 50 and the ADX is moving horizontally and not showing a clear signal. The MACD histogram is in negative territory.

• There is resistance at 22.856, followed by resistance at 22.951 and 23.129.
• There is support at 22.583. Below, there is 22.405 and 22.310.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.