Ichimoku analysis (Daily chart)
Tenken-Sen- $27.17
Kijun-Sen- $27.06
Silver is trading weak after a minor jump to $27.95. Short term trend is still bearish as long as resistance $28 holds. The silver was one of the best performers in the previous month and hits a fresh year at $30.08. The supply shortage and weakness in the US dollar were supporting prices at a lower level. The sliver slightly outperforming Gold as the Gold/silver ratio hits a 6-year low. DXY is trading well below 91 levels. Primary bearish continuation only below 90 levels.
Technically, silver's significant support is around $26.70, violation below will drag the pair down to $26.20/$25.90. The near-term resistance is at $28, any surge past targets $28.62/$29/$30 is possible.
It is good to sell on rallies around $27.25-30 with SL around $28 for TP of $25.90.


FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Woodies pivot (Major)
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 



