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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.
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 AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Sharp Slide Weighs *RES 4: $15.883 -...>
SILVER TECHS: Sharp Slide Weighs
*RES 4: $15.883 - High Mar 13
*RES 3: $15.153 - High Mar 16
*RES 2: $14.000 - Round number resistance
*RES 1: $13.246 - High Mar 17
*PRICE: $12.035 @ 07:23 GMT Mar 19
*SUP 1: $11.000 - Round number support
*SUP 2: $10.333 - Low Jan 2009
*SUP 3: $10.000 - Psychological round number
*SUP 4: $9.1600 - Low Dec 2008
Silver is down sharply this week. The bearish theme remains clearly intact now
that price has breached the former key support at $16.530, Dec 9 low marking the
base of a broad range the metal has traded within since late Sep last year. The
breach of $16.395, Feb 28 low on Mar 12 and the subsequent slide paves the way
for a deeper sell-off with the next objective at $11.000. Initial resistance is
at Tuesday's high of $13.246.
To read the full story
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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.