Free Trial

Bullish Above $14.50 *RES 4:..........>

SILVER TECHS
SILVER TECHS: Bullish Above $14.50 
*RES 4: $15.554 - High Aug 3 
*RES 3: $15.001 - High Aug 28 
*RES 2: $14.915 - High Nov 2 
*RES 1: $14.500 - Pivot area 
*PRICE: $14.354 @ 06:04 GMT 
*SUP 1: $13.897 - Low Nov 14 
*SUP 2: $13.648 - Low Dec 15 2015 
*SUP 3: $13.000 - Support 
*SUP 4: $12.458 - Low Jul 17, 2009 
Silver posted strong gains yesterday which took out the $14.50 pivot area to
shift the focus to the upper end of the multi-month range. The Nov 2 high at
$14.915 is the next upside target, above which would strengthen the case for
double bottom formation. Bears need to reclaim the Nov 14 low at $13.897, below
which would allow a challenge of the Dec 2015 lows at $13.640 ahead of a run at
the $13 level.

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.