Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: $28.609 - 76.4% retracement of the Feb 1 - Mar 31 sell-off
  • RES 3: $28.328 - High Feb 23 and a key resistance
  • RES 2: $28.205 - High Feb 25
  • RES 1: $27.832 - Intraday high
  • PRICE: $27.735 @ 07:52 BST May 10
  • SUP 1: $26.291 - 20-day EMA
  • SUP 2: $25.718 - Low Apr 29 and key near-term support
  • SUP 3: $25.636 - Low Apr 19
  • SUP 4: $25.199 - Low Apr 14

Silver remains bullish. The metal rallied last week, extending the current bull cycle that started Mar 3. The push higher strengthens a bullish case and confirms a resumption of the recovery from Mar 31. With moving average signals in a bull mode too, further gains are likely towards $28.328, Feb 23 high. This level represents the next key resistance handle. On the downside, key short-term support has been defined at $25.718, Apr 29 low.