Free Trial

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 Access

Trading Near Recent Highs

  • RES 4: $25.206 - High Jun 8
  • RES 3: $24.867 - High Sep 3 and the reversal trigger
  • RES 2: $24.411 - High Sep 8
  • RES 1: $23.965 - High Sep 16
  • PRICE: $23.223 @ 07:29 BST Oct 18
  • SUP 1: $22.213 - Low Oct 6
  • SUP 2: $21.423 - Low Sep 29
  • SUP 3 : $20.871 - 50.0% retracement of the Mar '20 - Feb '21 rally
  • SUP 4: $19.851 - Low Jul 21, 2020

Silver is trading near recent highs. Last week the metal cleared the 20-day EMA and traded above the 50-day EMA. A continuation higher would pave the way for a stronger short-term recovery and open $23.965 next, the Sep 16 high. Clearance of this level would suggest potential for stronger gains towards $24.867, the Sep 3 high. This also marks a key short-term resistance. Initial firm support to watch is at $22.213, Oct 6 low.

To read the full story

Why Subscribe to


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.