Silver price (White Metal) refreshes three-month high, up 1.40% intraday around $95.00 as Russian military attacks Ukraine during early Thursday morning in Europe.
The bright metal tracks gold prices to print a seven-day uptrend amid bullish MACD signals.
Also favoring silver buyers is the sustained break of the 200-DMA and a downward sloping resistance from July 2021, now support.
Read More: Gold Price Holds Advance on Rising Haven Demand Amid Ukraine Tensions [24-02-2022]
However, the 50% Fibonacci retracement (Fibo.) of May-September 2021 declines, near $25.10, challenges intraday silver buyers.
Also acting as an upside hurdle is November 2021 high near $25.40, followed by the 61.8% Fibo. level surrounding $26.00.
Alternatively, pullback moves may have to conquer the previous resistance confluence including the multi-day-old descending trend line and the 200-DMA, around $24.30, to reject the latest bullish signals.
Even so, a two-week-long support line of $24.00 will act as an extra filter to the south.
Silver: Intraday Chart
Trend: Further upside expected
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