FxWirePro: USD/CNY gains some upside momentum but bias still bearish 
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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Major Pair levels and bias summary 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
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AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
Silver holds above $30 after ECB less dovish rate cut. It hit a high of $30.15 at the time of writing and is currently trading around $30.15.
The European Central Bank (ECB) cut rates by 25 bpbs as expected. It also lowered rates on Marginal lending facility and refinancing operations by 60 bpbs to 3.65%.
US annual PPI dropped to 1.7% in Aug from 2.1% previous month, below the forecast of 1.8%.
Gold-silver ratio-
Gold/Silver ratio-88.04. The gold-silver ratio showed a minor decline from 89.72 to 85.28 as silver outperformed gold. The ratio is well above the historical average of 52. So silver will outperform gold in the long run. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$30.25
It trades above 34, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $29.55 and a break below the target of $29.20/$28.75/28/$27.69. On the higher side, immediate resistance is around $30.25 and any breach above targets is $30.90/$31.75/ $32/$32.50.
It is good to buy on dips around $29.78-80 with SL at around $29 and TP at $32.50.
