ANALYSIS
NQ100 Finds Support from PPIApr 14
22.95 resistance will set the tone in Silver
Following the strong decline in USD in international markets, silver limited its losses at the lowest level of the last 3 weeks. Although long-term treasury yields put pressure on recovery efforts of the silver prices, bullish moves may increase momentum due to the fact that the European Central Bank will use a more cautious tone of communication compared to North American central banks. Technically, if 22.95 resistance is broken upwards, recovery movements may target 23.35 and Fibonacci 61.8 retracement line indicating 23.75 level. On the other side, 22.20 and 21.85 will be significant support levels.
