Our pivot point is at 56.59.
Our preference: The downside prevails as long as 56.59 is resistance, with 42.41 and 39.19 as targets
Alternative scenario: above 56.59, look for 62.37 and 65.80.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 56.76 and 61.73). The Silver is trading below its lower Bollinger band (standing at 50.14).
Supports and resistances:
65.80 **
62.37 *
56.59 **
49.09 last
42.41
39.19 **
35.97 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-02-2026 at 04:00 UTC+1
Price reference: 49.09 last known on 11-02-2026 at 04:00 UTC+1
Investment horizon: ST
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