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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 AccessMNI POLITICAL RISK - Biden Admin Eyes Productive Lame Duck
MNI US MARKETS ANALYSIS - Tsys Firmer Ahead of Early Close
Bullish conditions intact *RES 4:......>
SILVER TECHS: Bullish conditions intact
*RES 4: $15.967 - High Feb 27
*RES 3: $15.765 - 76.4% retracement of the Feb 20-May 28 low
*RES 2: $15.640 - High March 21
*RES 1: $15.567 - Intraday high
*PRICE: $15.363 @ 07:26 BST Jun 21
*SUP 1: $15.126 - Low Jun 20
*SUP 2: $14.920 - Low Jun 19
*SUP 3: $14.896 - 50D EMA
*SUP 4: $14.775 - Low Jun 17
Silver has extended gains overnight although selling pressure did develop off
the highs. The outlook remains promising for bulls though with momentum studies
pointing north. Furthermore, the break this week of former resistance at 15.160,
the Jun 7 confirmed a resumption of the uptrend. The 61.8% retracement of the
Feb 20-May 28 decline at $15.483 has been breached and potential is for a climb
to $15.765, the 76.4% retracement level.
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.