Silver holds above $30 as markets anticipate 50 bpbs rate cut. It hit a high of $30.15 at the time of writing and is currently trading around $30.15.
The easing US treasury yields and weak US dollar supports silver at lower levels.
Gold-silver ratio-
Gold/Silver ratio-83.41. The gold-silver ratio showed a minor decline from 89.72 to 83.27 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 -$32.50
It trades above 34, 55- EMA and 200 EMA in the 4 hour chart. The near-term support is around $30.40,and a break below the target of $30/$29.20/$28.75/28/$27.69. On the higher side, immediate resistance is around $31.25 and any breach above targets is $31.75/ $32/$32.50.
It is good to buy on dips around $30.40 with SL at around $29.20 and TP at $32.50.


Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Woodies pivot (Major)
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 



