Free Trial

GS With A Consensus CPI Call


US Announces USD$1B Ukraine Arms Package


USD B/Mark - $1.8B Mexico 2033 Note Launched

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

Edges Higher

  • RES 4: $30.720 - 50% retracement of the 2011 - 2020 downtrend
  • RES 3: $29.859 - High Aug 7 and the bull trigger
  • RES 2: $29.272 - High Aug 11 and a key resistance
  • RES 1: $28.471 - High Aug 18 and key intraday resistance
  • PRICE: $28.040 @ 07:12 BST Aug 31
  • SUP 1: $26.292/047 - 20-day EMA and low Aug 21
  • SUP 2: $23.448 - Low Aug 12 and key support
  • SUP 3: $22.900 - 38.2% retracement of the Mar - Aug rally
  • SUP 4: $22.317 - Low Jul 28
Silver is firmer with the focus on $28.471, Aug 1 high. There remains a firm band resistance up to $29.272, Aug 11 high. A break of this hurdle is required to ease recent bearish signals. Sharp losses on Aug 11 highlights a bearish candle pattern, an engulfing line that signals a reversal in sentiment and scope for a deeper sell-off. A break of $26.047 would open $23.448, Aug 12 low. Clearance $29.272 would instead expose $29.859, Aug 7 high.
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

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.