Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI Research
- About Us
SILVER TECHS: Pressuring Key Support
*RES 4: $18.212 - High Sept 8
*RES 3: $18.066 - Hourly resistance Sept 8
*RES 2: $17.989 - High Sept 12
*RES 1: $17.808 - Hourly resistance Sept 13
*PRICE: $17.709 @ 0430GMT
*SUP 1: $17.662 - High Aug 29 now support
*SUP 2: $17.475 - 21-DMA
*SUP 3: $17.440 - Hourly resistance Aug 31 now support
*SUP 4: $17.264 - Hourly resistance Aug 28 now support
*COMMENTARY: Daily studies correcting from O/B remains a concern for bulls and
combined with Friday's sell-off and Monday's gapping move lower increase the
risk of a correction. Bears now need a close below $17.662 to confirm an easing
of bullish pressure and below the 21-DMA to confirm initial focus on $17.087-264
where the 200-DMA is located. Bulls continue to look for a close above $17.989
to return focus to retests of $18.212.