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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Still Looking For A Break Lower *RES...>
SILVER TECHS: Still Looking For A Break Lower
*RES 4: $17.672 - High Nov 7
*RES 3: $17.872 - Channel top drawn off Sep 24 high
*RES 2: $17.437 - 50% retracement of Nov 4 - Nov 12 decline
*RES 1: $17.238 - High Nov 22
*PRICE: $16.901 @ 07:20 GMT Dec 2
*SUP 1: $16.817 - Low Nov 26
*SUP 2: $16.649 - Low Nov 12 and bear trigger
*SUP 3: $16.540 - Low Aug 13
*SUP 4: $16.340 - 61.8% retracement of May 28 - Sep 4 rally
Gains in Silver, between Nov 12 and Nov 22 continue to be viewed as a correction
with a bearish bias still intact. A bearish theme follows the breach on Nov 8 of
former key support at $16.898, Oct 1 low that confirmed a resumption of the
downtrend that has been in place since prices peaked on Sep 4. Attention is on a
move to $16.540 next with the bear trigger at $16.649, Nov 12 low. On the
upside, resistance has been defined at $17.238, Nov 22 high.
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.