Ichimoku analysis (4-hour chart)
Tenken-Sen- $28.41
Kijun-Sen- $28.02
Silver showed a nice pullback on board-based US dollar selling. It hit a high of $28.74 yesterday and is currently trading around $28.67.
Markets eye the US Consumer Price Index (CPI), and US retail sales for further movement. Any upbeat US inflation will decrease the chance of a rate cut by the Fed in June.
Gold-silver ratio-
Gold/Silver ratio- 82.49. The ratio decreased from 87.84 from 82.32, 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 $28.40 and a break below the target of $27.90/$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:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major European Indices
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/AUD moves lower on weak UK data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 



