ANALYSIS
NQ100 Finds Support from PPIApr 14
Silver price is likely to hit the lowest of the last 2 years
US dollar is getting more and more demand due to the expectations that Fed will decide a 100-bps rate hike in the upcoming meeting, leading to pressure on asset prices. As a result, silver is also moving within the minor descending channel. If 18.40 is broken downwards, 18.00 level, the lowest of the last 24 months, will be on our radar. On the other side, possible purchases in the precious metal may target 19.15 and 19.55 resistance levels.
