ANALYSIS
NQ100 Finds Support from PPIApr 14
XAGUSD started to recover
Although the tight monetary policy stance in the USA against high inflation puts pressure on silver the demand for commodities continues as the recession concerns are increasing day by day. On the other hand, the high tension experienced in the Russia-Ukraine war continues to keep the demand for safe havens high. Technically, if the commodity, which is heading for the retracement path on the third trading day of the week, can exceed 21.75 level permanently, it can rise up to the psychological 22.00 resistance. In possible downwardmovements, on the other side, 20.95 level may become the target after 21.20 support.
