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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access$15 Remains The Upside Target *RES.....>
SILVER TECHS: $15 Remains The Upside Target
*RES 4: $15.825 - High Feb 27
*RES 3: $15.640 - High Mar 21
*RES 2: $15.343/212 - High Apr 9/55-dma
*RES 1: $15.110 - High Apr 26
*PRICE: $14.916 @ 06:02 GMT May 6
*SUP 1: $14.555 - Low May 3
*SUP 2: $14.444 - 76.4% retracement of Nov-Feb rally
*SUP 3: $14.054 - Low Nov 30
*SUP 4: $13.897 - Low Nov 14
Silver remains just below the $15 levels with bulls looking for a close above
here to open the April 26 high at $15.110. Above here would suggest an upside
reversal targeting the April 9 high/55-dma at $15.343/212. Bears focus remains
on Friday's low at $14.555. Below here opens the 76.4% retracement of the
Nov-Feb rally at $14.444 ahead of the Nov 30 low at $14.054.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.