[Silver]

With the Golden Cross of EMA(50) over EMA(200) and the RSI(14) in the Extreme-Bullish area, it can be concluded that Silver has the potential to continue strengthening throughout today.

Key Levels

1. Resistance. 2 : 80.667

2. Resistance. 1 : 76.618

3. Pivot : 75.767

4. Support. 1 : 73.718

5. Support. 2 : 70.867

Tactical Scenario

Positive Reaction Zone: If the price of Silver breaks above 75.767, the price movement may rise toward 76.618.

Momentum Extension Bias: if 76.618 is broken, there is potential for Silver to test 80.667.

Invalidation Level / Bias Revision

The upside bias weakens if Silver suddenly falls and breaks and closes below 70.867.

Technical Summary

EMA(50) : 75.942

EMA(200): 74.410

RSI(14) : 76.87

Economic News Release Agenda :

Tonight from the United States the following economic data will be released:

US- Final Services PMI - 21:45 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB