Silver-
Ichimoku analysis (4-hour chart)
Tenken-Sen- $28.36
Kijun-Sen- $27.88
Silver pared some of its gains after one week of uptrend. It hit a low of $27.96 at the time of writing and is currently trading around $28.10.
The increase in shelter costs which constitutes a major weight in CPI shows that overall inflation may not decline in the near future. This decreases the chance of a rate cut by the Fed.
Gold-silver ratio-
Gold/Silver ratio- 83.26. The ratio decreased from 87.84 from 82.57, 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 -$30
It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $28.20 and a break below the target of $27.60/$27/$26.40/$26/$25. On the higher side, immediate resistance is around $29, and any breach above targets is $30. Major bullish continuations only above $30.
It is good to sell on rallies around $28.85-90 with SL around $30 for TP of $26.


FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Crypto levels and bias summary
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds 



