Ichimoku analysis (Weekly chart)
Tenken-Sen- $27.13
Kijun-Sen- $26.92
Silver continues to trade weak for the past three consecutive weeks and lost more than 7% on board-based US dollar buying. The commodity was one of the worst performers in past one month despite weak US bond yields. The US 10-year yield showed a sell-off of more than 35% in the past 3-1/2 months.
Markets eye US jobless claims and European Central Bank monetary policy for further direction.
Technically, silver's significant support is around $24.65 (55 W EMA), close below will drag the pair down to $23.78/$23. Significant bearishness happens if it breaks below $21.89.The near-term resistance is at $26.50, any surge past targets of $27/$28/$28.75 (May month high) high). Significant bullish continuation only if it breaks $30.
Indicator (Daily chart)
CAM indicator –Neutral
Directional movement index – Neutral
It is good to sell on rallies around $25.70-75 with SL around $26.75 for TP of $23.85/$21.90.


FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: NZD/USD edges lower, remains on back foot
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 



