Free Trial

Recovery Gaining Traction *RES 4:......>

SILVER TECHS: Recovery Gaining Traction
*RES 4: $15.610 - High July 31 
*RES 3: $15.554 - High Aug 3 
*RES 2: $15.001 - High Aug 28 
*RES 1: $14.770 - 55-dma 
*PRICE: $14.770 @ 06:45 GMT 
*SUP 1: $14.500 - Pivot area 
*SUP 2: $14.180 - Low Sep 27 
*SUP 3: $13.942 - Low Sep 11 
*SUP 4: $13.648 - Low Dec 15 2015 
Silver is testing its 55-dma as the recovery gains traction. A close above here
would suggest a further gain to the Aug 28 high at $15.001, above which would
open the Aug 3 high at $15.554 and suggest a bullish reversal is in play. Bears
need to break back below $14.500 to return the outlook back to neutral, while a
break below $14.180 would put the bears back in charge.

To read the full story



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.