ANALYSIS
NQ100 Finds Support from PPIApr 14
Psychological 19.00 Level Will Be Determinant in Silver
Following inflation data released this week in the United States, although we observe pressure on silver with the strengthening of the possibility of a 75 basis point rate hike by the US Federal Reserve (FED), it is seen that silver, one of the important members of the safe haven group, is benefiting from the regionally diverging investor risk atmosphere. When technically examined, the psychological level of 19.00 will be closely monitored in the gray metal, which has completed the channel change and carried the minor band movement to the fourth trading day of the week. In the permanence provided above here, the buying movement can continue until 19.70, then the psychological 20.00 resistance. In the possible transition with permanent closures below 19.00, descents can last until 18.65, and then 18.30 support.
