Ichimoku analysis (4- hour chart)
Tenken-Sen- $24.94
Kijun-Sen- $25.09
The silver trading flat ahead of the US Fed monetary policy. Markets anticipate a hawkish rate pause and await the Fed dot plot for further movement. It hit a low of $24.73 and is currently trading around $24.97.
Gold-silver ratio-
Gold/Silver ratio- 86.75. It shows that one ounce of gold is equivalent to 86.75 ounces of silver. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$25.50
It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $24.70 and a break below the targets of $24.40/$24/$23.60. On the higher side, immediate resistance is around $25.50, any breach above targets is $26/$27.
It is good to buy on dips around $24.45-50 with SL around $24 for TP of $25.80.


FxWirePro: USD/CNY downside pressure builds, key support level In focus
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary 



