MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK OCT RETAIL SALES -0.7% M/M, +2.4% Y/Y

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trades Above The 50-day EMA

SILVER TECHS
  • RES 4: $26.941 - 50.0% retracement of the Feb 1 - Mar 31 sell-off
  • RES 3: $26.636 - High Mar 18 and firm near-term resistance
  • RES 2: $26.318 - High Mar 19
  • RES 1: $25.987 - High Apr 15
  • PRICE: $25.810 @ 07:51 BST Apr 16
  • SUP 1: $24.686 - Low Apr 13
  • SUP 2: $23.781 - Low Mar 31
  • SUP 3: $23.524 - Low Dec 7 and key near-term support
  • SUP 4: $22.591 - Low Dec 12

Silver maintains this week's bullish phase and traded higher yesterday. The metal has cleared the 50-day EMA and this places on hold the recent bearish focus. The break higher signals scope for gains towards $26.636, Mar 18 high and a key near-term resistance. A break of this hurdle would strengthen a bullish case. On the downside, short-term support has been defined at $24.686, Apr 13 low.

Energy BulletsCommodities
Energy BulletsCommodities

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.