Ichimoku analysis (4-hour chart)
Tenken-Sen- $28.11
Kijun-Sen- $27.97
Silver is consolidating in a narrow range ahead of US CPI and FOMC meeting minutes. It hit a low of $27.62 yesterday and is currently trading around $.
Any upbeat US CPI data will delay an early rate cut by the Fed. So markets eagerly await US CPI and FOMC meeting minutes for further movement.
Gold-silver ratio-
Gold/Silver ratio- 83.77. The ratio declined from 91 to 83.77 well above the historical average of 52. So silver will outperform gold. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$28.35
The commodity broke significant resistance after one year of consolidation.
It trades above 21, 55- EMA, and above 200 EMA in the 4-hour chart. The near-term support is around $27.60 and a break below the targets of $27.20/$26.85/$26.25. On the higher side, immediate resistance is around $28.35, and any breach above targets is $29/$30.
It is good to buy on dips around $27.50 SL around $27 for TP of $29.


FxWirePro: USD/ZAR edges higher, set to stay on back foot
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/ZAR bears maintain upper hand
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro- Major Crypto levels and bias summary
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Major European Indices
FxWirePro- Woodies pivot (Major) 



