ANALYSIS
NQ100 Finds Support from PPIApr 14
The Pressure May Increase in Silver
We watched that the weakening of the FED's interest rate hike possibilities by 75 basis points supported silver with the recent Taiwan tension between the USA and China and the announcement of inflation data in the USA this week below expectations. However, on the last trading day of the week, the fact that some FED Board Members did not exclude such a monetary tightening increased the dollar's pressure on asset pricing again. From this point of view, if silver, which has made a minor channel change, passes below the psychological borderline of 20.00 permanently, it can bring 19.55 support to the agenda. In possible upward movements, 20.85 resistance can be followed closely.
