Silver-
Ichimoku analysis (4-hour chart)
Tenken-Sen- $24.84
Kijun-Sen- $24.81
The silver showed a minor sell-off after the upbeat US ISM. It hit a high of $25.67 a the time of writing and is currently trading around $25.62.
Silver recovered once again as strong economic data increased demand for industrial metal.
Gold-silver ratio-
Gold/Silver ratio- 88.21. It shows that one ounce of gold is equivalent to 89.78 ounces of silver. The probability of a 25 bpbs rate cut in June increased to 62.1% from 56.80%. This is a positive sign for precious metals. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$26
It trades below 21, 55- EMA, and above 200 EMA in the 4-hour chart. The near-term support is around $25.40 and a break below the targets of $25.20/$24.75. On the higher side, immediate resistance is around $26, any breach above targets is $26.95.
It is good to buy on dips around $25.40-45 SL around $25.75 for TP of $27.


FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major European Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



