Silver pared some of its gains due to profit booking. It hit a high of $31.58 and is currently trading around $31.79.
Markets eye US Personal Consumption Expenditure(PCE) for further direction. According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Nov decreased to 49.2% from 50.4% a week ago.
Gold-silver ratio-
Gold/Silver ratio-82.09. The gold-silver ratio surged slightly from 82.09 to 84.16 as gold outperformed silver. 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 -$32.75
It trades above 34, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $31.50 and a break below the target of $31.25/$30.79/$30.40. On the higher side, immediate resistance is around $32.75 and any breach above targets is $35.
It is good to buy on dips around $31.70-74 with SL at around $31.20 and TP at $35.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction 



