Free Trial

Still Capped By 21-DMA *RES 4:.........>

SILVER TECHS
SILVER TECHS: Still Capped By 21-DMA
*RES 4: $15.671 - High July 26 
*RES 3: $15.610 - High July 31 
*RES 2: $15.554 - High August 3
*RES 1: $15.547 - 21-DMA 
*PRICE: $15.354 @ 0625GMT 
*SUP 1: $15.248 - Low August 3 
*SUP 2: $14.790 - Low April 2016 
*SUP 3: $14.474 - Low February 29 2016 
*SUP 4: $13.648 - Low December 14 2015 
While silver is showing slightly more strength than gold, it remains firmly
locked in its downtrend capped on the upside by its 21-DMA. A close below
$15.248 would see bearish momentum intensify, with the April 2016 low of $14.790
coming into focus. Bulls need a rally above $15.547 to arrest the bearish trend
and mount a recovery. 

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.