Ichimoku analysis (Daily chart)
Tenken-Sen- $22.28
Kijun-Sen- $23.14
Silver continues to trade weak for the past two consecutive days on a strong US dollar. The commodity was one of the worst performers this month and lost more than 14%. The bullish trend in the US 10-year yields also putting pressure on the silver at higher levels. It hits a low of $21.42 and is currently trading around $21.618.
Markets eye US GDP and initial jobless claims for further direction.
Technically, silver is trading slightly below $21.66 (Sep 20th, 2020 low), this confirms major bearishness. A dip to $20.89 is possible. The near-term resistance is at $21.95, any surge past targets of $22.85/$23.14. Significant bullish continuation only if it breaks $23.50.
Indicator (Daily chart)
CAM indicator –Bearish
Directional movement index – Bearish
It is good to sell on rallies around $21.90-95 with SL around $22.50 for TP of $20.89.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 



