[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