Copper & Crude Oil to Follow ISM Data & Risk Trends

Spot Silver (NY Close): $31.02 // -0.24 // -0.78%

Prices are testing resistance at 31.36, with a break higher exposing the top of a falling channel set from early March (now at 31.96). Near-term channel bottom support is now at 29.64.

 

Daily Charts - Created Using FXCM Marketscope 2.0 

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About the Author
Ilya Spivak

Ilya Spivak is San Franciisco-based currency strategist for DailyFX.

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