- Analytics
- News and Tools
- Market News
- Silver Price Analysis: Support at $18.95/40 to hold at first for a consolidation phase – Credit Suisse
Silver Price Analysis: Support at $18.95/40 to hold at first for a consolidation phase – Credit Suisse
Strategists at Credit Suisse maintain the view that silver (XAG/USD) has established a top. Nonetheless, the short-term consolidation continues with the $18.95/40 support zone set to hold.
Only a move above $23.52 would stabilize silver more meaningfully
“Silver remains within a short-term consolidation phase after having removed long-term price support at $21.68/42 previously, which we believe completed a large and significant top to mark an important change of trend lower.”
“Support is seen at $19.65 initially, then $18.95/40, which we look to hold at first for a consolidation phase.”
“Only above the 200-day average, currently at $23.52, would stabilize the precious metal more meaningfully, which is not our base case.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
