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: $30.100 - High Feb 1 and key resistance
  • RES 3: $29.053 - High Feb 2
  • RES 2: $28.753 - High May 18 and the bull trigger
  • RES 1: $28.556 - High Jun 1
  • PRICE: $28.191 @ 07:29 BST Jun 11
  • SUP 1: $27.098 - 50-day EMA
  • SUP 2: $27.040 - Low Jun 3 and key near-term support
  • SUP 3: $26.721 - Low Mar 13
  • SUP 4: $25.718 - Low Apr 29

Silver is firmer and extending the recovery from yesterday's low. A stronger recovery would expose the key resistance at $28.556/753, Jun 1 and May 18 highs respectively. This would also negate recent bearish concerns following the sharp sell-off on Jun 3. A break of $28.753 would confirm a resumption of the uptrend. On the downside, key short-term support has been defined at $27.040, Jun 3 low. A break would instead be bearish.