Ichimoku analysis (Daily chart)
Tenken-Sen- $27.08
Kijun-Sen- $27.39
Silver continues to trade lower for third consecutive days and lost more than $1 on surging US bond yield. The US 10-year bond yield jumped more than 8% from a minor bottom 1.39% on improvement in scale of vaccination. Short term trend is still bearish as long as resistance $27 holds. Silver was one of the worst performers in the previous month and declined more than 4.5%. According to ADP, the number of private jobs added by 117000 in Feb compared to a forecast of 203k. The US SIM services came at 55.3 in Feb vs an estimate of 58.70. DXY is trading well above 91 levels. Primary bullish continuation only above 91.60 levels.
Technically, silver's significant support is around $25.90, violation below will drag the pair down to $25.36/$25/$24. The near-term resistance is at $27, any surge past targets $27.35/$28/$28.30 is possible.
It is good to sell on rallies around $26.45-50 with SL around $27 for TP of $24.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro- Woodies Pivot(Major)
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 



