Free Trial

Firmer As Goldman Remove Call For 25bp Hike


Firmer Across The Board, CNH Up ~ 1%

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

Firm Near-Term Support Remains Exposed

  • RES 4: $26.778 - High Jul 6
  • RES 3: $26.467 - High Jul 14
  • RES 2: $26.002 - High Aug 4 and a key resistance
  • RES 1: $25.406 - High Nov 16
  • PRICE: $23.684 @ 07:14 GMT Nov 25
  • SUP 1: $23.020 - Low Nov 3 and a key near-term support
  • SUP 2: $22.213 - Low Oct 6
  • SUP 3: $21.423 - Low Sep 29 and key support
  • SUP 4: $20.871 - 50.0% retracement of the Mar '20 - Feb '21 rally

Silver remains near recent lows. The metal has traded through the 50-day EMA this week. The break of this average suggests scope for a deeper short-term pullback and opens $23.020, the Nov 3 low and a firm near-term support. For bulls, a move above $25.406, Nov 16 high would reinstate a bullish theme and confirm a resumption of the uptrend. This would open $26.002, the Aug 4 high.

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.