Free Trial

Looking Higher *RES 4: $20.138 -.......>

SILVER TECHS
SILVER TECHS: Looking Higher
*RES 4: $20.138 - High Sep 7 2016
*RES 3: $19.650 - High Sep 4
*RES 2: $18.860/913 - High Jan 8/ 76.4% retracement of Sep to Dec decline
*RES 1: $18.458/508 - 61.8% retracement of Sep to Dec decline/ High Jan 6
*PRICE: $18.382 @ 09:49 GMT Feb 19
*SUP 1: $17.887 - High Feb 6 and former key resistance
*SUP 2: $17.606 - Low Jan 23 and former key support
*SUP 3: $17.453 - Low Feb 13
*SUP 4: $17.352 - Low Jan 29 and bear trigger
Silver has broken through a number of new resistance levels shifting the outlook
even more convincingly towards the upside. Momentum studies continue to point
north and focus is now on the Jan 28 high of $18.219. To the downside, a breach
of former support at the Jan 23 low of $17.606 would turn eyes once again
towards a move south with the bear trigger at $17.352, Jan 29 low.

To read the full story

Close

Why MNI

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.