Free Trial

New YTD Lows Hit *RES 4: $16.216 -.....>

SILVER TECHS
SILVER TECHS: New YTD Lows Hit
*RES 4: $16.216 - High Feb 20 
*RES 3: $15.825 - High Feb 28 
*RES 2: $15.470/640 - 50-dma/High Mar 21 
*RES 1: $15.343 - High Apr 9 
*PRICE: $14.979 @ 06:16 GMT Apr 12 
*SUP 1: $14.899 - Low Apr 11
*SUP 2: $14.810 - Channel support
*SUP 3: $14.783 - 61.8% retracement $13.897-16.216 
*SUP 4: $14.719 - Low Dec 26 
Silver broke back below the $15 level yesterday to post fresh ytd lows of
$14.899. The momentum is now with the bears as channel support at $14.810 comes
into focus. Below here would open the 61.8% retracement of $13.897-16.216 at
$14.783. Bulls need to recover Tuesday's high at $15.343 to regain the upper
hand and target the 50-dma & Mar 21 high at $15.470/640.

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.