Free Trial

$16.576 & $16.910 Levels Key Today.....>

SILVER TECHS
SILVER TECHS: $16.576 & $16.910 Levels Key Today
*RES 4: $17.395 - High Sept 20 
*RES 3: $17.245 - High Sept 26 
*RES 2: $17.055 - Hourly support Sept 26 now resistance 
*RES 1: $16.910 - Hourly resistance Sept 26
*PRICE: $16.815 @ 0300GMT
*SUP 1: $16.674 - Low Sept 28
*SUP 2: $16.576 - Low Aug 15
*SUP 3: $16.299 - High Aug 8 now support
*SUP 4: $16.125 - Low Aug 7
*COMMENTARY: Fresh 2mth lows continued Thursday but the lack of follow through
and daily studies looking to correct from O/S are a concern. Bulls now look for
a close above $16.910 to gain breathing room and above $17.623 to shift focus
back to Sept highs so far. Bears continue to look for a close below $16.576 to
shift immediate focus to $15.966-16.125.

To read the full story

Close

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.