Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Remains Soft

SILVER TECHS
  • RES 4: $27.831 - High Jun 16 2021
  • RES 3: $27.245 - High Jun 17 2021
  • RES 2: $26.943 - High Mar 8 and the bull trigger
  • RES 1: $26.222 - High Apr 18 and a key short-term resistance
  • PRICE: $24.507 @ 07:57 BST Apr 22
  • SUP 1: $23.974 - Low Mar 29 and bear trigger
  • SUP 2: $23.850 - Low Feb 24
  • SUP 3: $23.173 - 76.4% retracement of the Feb 3 - Mar 8 rally
  • SUP 4: $23.082 - Low Feb 15

Silver remains soft following the reversal this week from its recent high of $26.222 on Apr 18. The move threatens the recent bullish theme and note that the 50-day EMA has been cleared - a bearish development. Clearance of this EMA suggests scope for a deeper pullback and opens the key support at $23.974, the Mar 29 low. On the upside, clearance of $26.222 would instead reinstate a bullish theme.

151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: $27.831 - High Jun 16 2021
  • RES 3: $27.245 - High Jun 17 2021
  • RES 2: $26.943 - High Mar 8 and the bull trigger
  • RES 1: $26.222 - High Apr 18 and a key short-term resistance
  • PRICE: $24.507 @ 07:57 BST Apr 22
  • SUP 1: $23.974 - Low Mar 29 and bear trigger
  • SUP 2: $23.850 - Low Feb 24
  • SUP 3: $23.173 - 76.4% retracement of the Feb 3 - Mar 8 rally
  • SUP 4: $23.082 - Low Feb 15

Silver remains soft following the reversal this week from its recent high of $26.222 on Apr 18. The move threatens the recent bullish theme and note that the 50-day EMA has been cleared - a bearish development. Clearance of this EMA suggests scope for a deeper pullback and opens the key support at $23.974, the Mar 29 low. On the upside, clearance of $26.222 would instead reinstate a bullish theme.