[Silver]

Although both EMAs are still in a Death Cross, but with Silver's price above both EMA(50) & EMA(200) as well as RSI(14) indicator in the Neutral-Bullish level, there is potential for Silver to strengthen toward its nearest resistance level today.

Key Levels

1. Resistance. 2 : 85.538

2. Resistance. 1 : 83.147

3. Pivot : 81.558

4. Support. 1 : 79.167

5. Support. 2 : 77.578

Tactical Scenario

Positive Reaction Zone: If Silver rises and breaks above 83.147, there is a possibility the move will continue toward 85.538.

Momentum Extension Bias: If 85.538 is broken, Silver has the potential to extend gains to 87.127.

Invalidation Level / Bias Revision

The upside bias weakens if Silver falls and breaks below 77.578.

Technical Summary

EMA(50) : 81.390

EMA(200): 81.628

RSI(14) : 61.37

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Average Hourly Earnings m/m - 20:30 WIB

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US - Unemployment Rate - 20:30 WIB

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