ANALYSIS
NQ100 Finds Support from PPIApr 14
Demand for Silver is likely to rise
Following Russian forces attacks on Ukrainian land, the demand for safe haven assets has been increasing. For a short period of time, we observed bullish moves due to the Russia’s Minister of Foreign Affairs Lavrov’s statement that they are open to discussions with the United Nation, Russian army’s lightning pace feeds the demand for safe havens. Consequently, we will follow 24.65 resistance closely in Silver. If this level is exceeded, we will follow25.00 resistance closely. On the other side, 24.00 support will be significant for the depth of downward movements.
