[Silver]
If we look at the technical data which supporting Silver's strength, there is a high probability that Silver will rally toward its nearest resistance level today.
Key Levels
1. Resistance. 2 : 91.622
2. Resistance. 1 : 88.938
3. Pivot : 88.262
4. Support. 1 : 86.578
5. Support. 2 : 84.502
Tactical Scenario
Positive Reaction Zone: If the price holds at 88.262, Silver is likely to move up toward 88.938.
Momentum Extension Bias: If 88.938 is broken, Silver could test 91.622.
Invalidation Level / Bias Revision
Silver's upside bias weakens if the price falls below 84.502.
Technical Summary
EMA(50) : 88.127
EMA(200): 86.165
RSI(14) : 45.22
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Core CPI m/m - 19:30 WIB
US - CPI m/m - 19:30 WIB
US - CPI y/y - 19:30 WIB
US - Crude Oil Inventories - 21:30 WIB
US - 10-y Bond Auction - 00:01 WIB
US - Federal Budget Balance - 01:00 WIB