Ichimoku analysis (4-hour chart)
Tenken-Sen- $26.05
Kijun-Sen- $25.92
Silver is consolidating in a narrow range after hitting a high of $26.45. The commodity was one of the worst performers in the past 1-1/2 months and lost more than 12% on surging US bond yield. US 10-year bond yield soared more than 300% from a temporary bottom of 0.36% in past one year. Short term trend is still bearish as long as resistance $27 holds. US Empire state manufacturing index jumped to 17.4 in Mar, hits the highest level in 8 months compared to a forecast of 12.1. Markets eye US retail sales data for further direction.DXY is trading below 92 levels. Primary bullish continuation only above 92.50 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 $26.45, any surge past targets $27/$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- Woodies Pivot(Major)
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CNY hits 15-month low , scope for further downside
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 



