ANALYSIS
NQ100 Finds Support from PPIApr 14
XAGUSD:Silver Deepens Its Losses
Although the demand for silver remains somewhat lively with the rising concerns of recession in global markets, the expectations that the Federal Open Market Committee (FOMC) will not break its tight stance against high inflation in the minutes of the June monetary policy meeting, which is at its peak of 41 years. This attitude weakens silver. Technically, the gray metal, which points to the continuation of the downward movements on the third trading day of the week, may follow the downward path to the 18.50 support level, which is the lowest level since July 2020, behind the 18.90 level. On the upside, 19.55 and 20.00 resistances can be followed by market players.
