MNI BRIEF: Waller Sees Shorter Lags To Fed Policy

MNI: US Dec Existing Home Sales Drop Smaller Than Expected

MNI:Italy Coalition In Fight To Control Economy Policy-Sources

USDJPY Posts Impressive 225-Pip Range, Antipodean FX Rallies With Equities

US Treasury Auction Calendar

NBH Watch

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

MNI BRIEF: EC Head Aims For Gas Price Cap Deal In Coming Days

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
JGB TECHS

(H3) Extends Bounce Off Lows

USDCAD TECHS

Pierces The 50-Day EMA

US TSYS

Risk Buoyed Ahead Fed Blackout

NEW ZEALAND

Chris Hipkins Named To Succeed Jacinda Ardern As PM

AUDUSD TECHS

Remains Above Support At The 20-Day EMA

US STOCKS

Late Equity Roundup: Extend Rally Ahead Fed Blackout

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Bullish Price Sequence

SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $22.517 - High Jun 6
  • RES 3: $22.252 - 50.0% retracement of the Mar - Sep bear leg
  • RES 2: $22.000 - Round number resistance
  • RES 1: $21.626 - High Nov 8
  • PRICE: $21.479 @ 08:05 GMT Nov 9
  • SUP 1: $19.741 - 20-day EMA
  • SUP 2: $18.835/17.967 - Low Nov 3 / Low Sep 28
  • SUP 3: $17.562 - Low Sep 1 and bear trigger
  • SUP 4: $16.955 - Low Jun 15 2020

Silver rallied sharply higher Friday and has continued to appreciate this week. The metal has breached resistance at $21.242, the Oct 4 high. The break of this hurdle strengthens short-term bullish conditions and highlights a positive price sequence of higher highs and higher lows on the daily chart. This opens $22.00 and $22.253, a Fibonacci retracement. On the downside, support is seen at $19.741, the 20-day EMA.

139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: $22.517 - High Jun 6
  • RES 3: $22.252 - 50.0% retracement of the Mar - Sep bear leg
  • RES 2: $22.000 - Round number resistance
  • RES 1: $21.626 - High Nov 8
  • PRICE: $21.479 @ 08:05 GMT Nov 9
  • SUP 1: $19.741 - 20-day EMA
  • SUP 2: $18.835/17.967 - Low Nov 3 / Low Sep 28
  • SUP 3: $17.562 - Low Sep 1 and bear trigger
  • SUP 4: $16.955 - Low Jun 15 2020

Silver rallied sharply higher Friday and has continued to appreciate this week. The metal has breached resistance at $21.242, the Oct 4 high. The break of this hurdle strengthens short-term bullish conditions and highlights a positive price sequence of higher highs and higher lows on the daily chart. This opens $22.00 and $22.253, a Fibonacci retracement. On the downside, support is seen at $19.741, the 20-day EMA.