Free Trial

SPOT SILVER: Bullish conditions........>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Bullish conditions intact, further upside anticipated
*RES 4: $15.967 - High Feb 27
*RES 3: $15.765 - 76.4% retracement of the Feb 20-May 28 low
*RES 2: $15.640 - High March 21
*RES 1: $15.567 - High Jun 21
*PRICE: $15.390 @ 07:10 BST Jun 24
*SUP 1: $15.126 - Low Jun 20
*SUP 2: $14.920 - Low Jun 19
*SUP 3: $14.915 - 50D EMA
*SUP 4: $14.775 - Low Jun 17
Silver confirmed a resumption of its bull trend last week following the break
above former resistance at $15.16, the Jun 7 high. The outlook remains promising
for bulls and further price gains are favoured with momentum studies trending
higher too. The 61.8% retracement of the Feb 20-May 28 decline at $15.483 has
been breached and potential is for a climb to $15.765, the 76.4% retracement
level.

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.