Silver-
Ichimoku analysis (4-hour chart)
Tenken-Sen- $24.52
Kijun-Sen- $24.63
Candlestick pattern- Bearish Engulfing pattern
The silver is trading weak for five consecutive days and declined more than $1.50. It hit a low of $24.328 and is currently trading around $24.45.
Silver is unable to hold above $26 even as gold hits an all-time high.
Gold-silver ratio-
Gold/Silver ratio- 89.78. It shows that one ounce of gold is equivalent to 89.78 ounces of silver. Gold shines as the market expects three rate cuts by the Fed this year. Recent US inflation shows that inflation is expected to remain elevated for some more time. Any hawkish commentary by the Fed will drag yellow metal further lower. It is good to buy silver at lower levels compared to gold.
Major trend reversal level -$26
It trades below 21, 55- EMA, and above 200 EMA in the 4-hour chart. The near-term support is around $24.20 and a break below the targets of $24/$23.60/$23.25. On the higher side, immediate resistance is around $24.75, any breach above targets is $25/$25.70/ $26.20/$27.
It is good to sell on rallies around $25.15-20 SL around $25.75 for TP of $24.


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



