The price of silver surged on Thursday as international concerns increased. Investors are keeping a close eye on the Russia–Ukraine situation, which is lowering the rates on US benchmark bonds. A more aggressive monetary strategy was not revealed in the Fed Minutes, therefore the US ten-year yield is hovering around 2.0 percent.
The support level is 23.814, while the resistance level is 23.997. The pivot point at 23.887 is where the price is moving above. Bullish bias is evident in the EMA of 10, as well as the EMAs of 100 and 200. It seems that the Stochastic is ascending and the RSI is heading near 70, but the ADX is not displaying any obvious direction of movement. Indicators are pointing to an upward trend in MACD’s histogram.

• There is resistance at 23.997, followed by resistance at 24.070 and 24.180.
• There is support at 23.814. Below, there is 23.704 and 23.631.

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.

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