Trial now
US TSY OPTIONS

BLOCK, 10Y Put Sale

FED

Reverse Repo Operation, New Record High

OPTIONS

SONIA Dove Strikes Again

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: $25.690 - 50.0% retracement of the May - Aug sell-off
  • RES 3: $25.206 - High Jun 8
  • RES 2: $24.867/967 - High Sep3 / 38.2% of the May - Aug sell-off
  • RES 1: $24.411 - High Sep 8
  • PRICE: $23.717 @ 07:21 BST Sep 14
  • SUP 1: $23.388 - Low Sep 13
  • SUP 2: $22.878 - Low Aug 20
  • SUP 3: $22.626 - Low Aug 09 and the bear trigger
  • SUP 4: $21.899 - Low Nov 30, 2020

Silver has pulled away from recent highs. The metal recently cleared the 20-day EMA and did test its 50-day EMA currently at 24.590. The 50-day average has however capped gains so far. A clear breach of it would strengthen the short-term bullish theme and open $24.967 next, a Fibonacci retracement. On the downside, the metal has cleared $23.758, Sep 1 low. This signals a resumption of bearish activity and opens $22.626, Aug 9 low.