Free Trial

50-DMA Counters *RES 4: $16.216 -......>

SILVER TECHS
SILVER TECHS: 50-DMA Counters
*RES 4: $16.216 - High Feb 20
*RES 3: $15.997 - High Feb 27
*RES 2: $15.793 - Key Resistance
*RES 1: $15.586 - 50-dma
*PRICE: $15.476 @ 15:15 GMT Mar 21
*SUP 1: $15.140/096 - Low March 14/200-dma
*SUP 2: $14.969 - Low Mar 8
*SUP 3: $14.915 - High Nov 2
*SUP 4: $14.782/719 - 61.8% retracement/Low Dec 26
Silver attempted to rebound, but has so far failed to clear 50-dma resistance at
$15.793. Bulls need a break above here to develop a more constructive technical
picture, putting the focus back on the February $16.216 peak. However, trend
indicators continue to give mixed signals, while momentum indicators have yet to
confirm any bullishness. Holding above initial support at 15.275 is now
essential to maintain recovery hopes.

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.