Inflation worries haven’t dampened the attraction of silver, which has risen in price on Wednesday. Yields on the 10-year U.S. Treasury note have surged to a new high of 2.34 percent. A rate raise of at least 25 basis points is now expected in May, according to recent economic statistics.
The support level is 25.877, while the resistance level is 25.890. The pivot point at 25.881 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 25.890, followed by resistance at 25.894 and 25.903.
• There is support at 25.877. Below, there is 25.868 and 25.864.
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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