Silver-
Ichimoku analysis (daily chart)
Tenken-Sen- $24.92
Kijun-Sen- $24.02
Candlestick pattern- Bearish Engulfing pattern
The silver is trading flat with no direction, ahead of the US durable goods order. It hit a low of $24.50 and is currently trading around $24.64.
Silver underperformed gold this year as demand for industrial metals declined in major economies.
Gold-silver ratio-
Gold/Silver ratio- 88.37. It shows that one ounce of gold is equivalent to 88.37 ounces of silver. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$26
It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $24.40 and a break below the targets of $24/$23.60/$23.25. On the higher side, immediate resistance is around $24.75, any breach above targets is $25/$25.70/ $26.20/$27.
It is good to sell on rallies around $25.15-20 SL around $25.75 for TP of $24.


FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



