MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

YTD Lows to Start the Week

SILVER TECHS
  • RES 4: $25.293 - High Apr 20
  • RES 3: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 2: $24.637 - High Feb 2 and the bull trigger
  • RES 1: $22.331 - 20-day EMA
  • PRICE: $20.662 @ 07:32 GMT Feb 27
  • SUP 1: $20.573 - Low Feb 27
  • SUP 2: $20.375 - 2.0% Lower Bollinger Band
  • SUP 3: $20.265 - 61.8% retracement of the Sep 1 - Feb 2 bull leg
  • SUP 4: $20.058 - Weekly Candle Uptrendline Drawn off 2022 Low

The sharp sell-off in Silver accelerated last week, with Friday marking the first close below the 200-dma since November last year. Moving averages have similarly started to tilt lower, with the mid-February turn in 50-dma underlining the turn lower in momentum. Next major support crosses at the 20.265 Fib retracement for the Sep - Feb upleg, a break below which opens the uptrendline on the weekly candle chart drawn off the 2022 lows.

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.