Instrument: SILVER
Bullish Preference:
A buy position is envisaged if the price trades above 22.421 with take profit at 22.457.
Bearish Preference:
A sell position is envisaged if the price trades below 22.348 with take profit a 22.318.
Fundamentals:
USD 1:30 pm Core PCE Price Index m/m
Comment:
Silver Price (XAG/USD) licks its wounds around $22.60 amid Friday’s sluggish morning in Asia, after declining in the last two consecutive days, as traders struggle for clear directions amid upbeat options market signals and strong US Dollar ahead of the key data.
Analysis: SCRUM Team