Free Trial

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

Initial Focus Now On June High *RES....>

SILVER TECHS: Initial Focus Now On June High
*RES 4: $18.206 - Daily Bull channel top 
*RES 3: $18.041 - Low June 5 now resistance 
*RES 2: $17.742 - Monthly high June 6 
*RES 1: $17.662 - High Aug 29
*PRICE: $17.430 @ 0330GMT
*SUP 1: $17.264 - Hourly resistance Aug 28 now support
*SUP 2: $17.148 - Hourly support Aug 28
*SUP 3: $17.004 - Hourly resistance support Aug 25
*SUP 4: $16.709 - Low Aug 25
*COMMENTARY: The dip Friday lacked follow through with support emerging below
the 21-DMA ($16.897). Monday's rally reconfirmed the bullish bias and sees bulls
focused on the June high and then $18.041-206 above where the bull channel top
is found. Layers of support remain with bears now needing a close below $17.264
to gain breathing room and below $17.004 to shift focus back to $16.709 lows
from last week.

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.