ANALYSIS
NQ100 Finds Support from PPIApr 14
Silver Heads Towards Retracement Path
The fall of the dollar in global markets prevented the decline in silver. Subsequently, the safe-haven demand created by the unstable outlook in the British and Japanese markets began to support silver. Technically speaking, it seems that the commodity is heading towards the retracement path, ending its downtrend. Above, the 19.10 resistance is critical. Exceeding this level may pave the way for a recovery to 19.65, which is indicated by the Fibonacci 50.0% retracement line, above 19.35. In pullbacks, 18.55 and 18.30 supports will be followed.
