Free Trial


  • RES 4: $27.628 - High Sep 15 and a key resistance
  • RES 3: $26.780 - Trendline resistance drawn off the Aug 7 high
  • RES 2: $25.851 - Low Sep 8
  • RES 1: $25.562 - High Oct 12 and the near-term bull trigger
  • PRICE: $24.587 @ 07:04 BST Oct 23
  • SUP 1: $23.577 - Low Oct 15
  • SUP 2: $22.878 - Low Oct 6 and key near-term support
  • SUP 3: $21.677 - Low Sep 24 and the bear trigger
  • SUP 4: $20.751 - 38.2% retracement of the Mar - Aug rally

Silver is consolidating but maintains a firmer short-term tone. The break of $24.515 on Oct 9 confirmed a resumption of the uptrend that started Sep 24. A resumption of strength would set the scene for a climb towards $25.851, Sep 8 low and trendline resistance at $26.780. The trendline is drawn off the Aug 7 high. Firm support lies at $23.577, Oct 15 low. A move below this support would represent a bearish development.

To read the full story

Why Subscribe to


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.