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Silver: Potential for a test of $30 in next 12 months –Citibank
Analysts at Citibank offers its bullish outlook on Silver, predicting that the white metal could rise as high as $30 over the coming year.
Key quotes
“Sees silver rising to $25 in the next six to 12 months, with a potential for $30 based on the bank’s bull case.
Silver is additionally supported by a
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SEC Moves Against Tech Startup YouPlus for Defrauding Investors
Photo: SEC
The United States Securities and Exchange Commission (SEC) has charged YouPlus, a startup building a machine-learning tool to analyze videos on the internet, and its founder and CEO Shaukat Shamim with fraud charges for defrauding investors by falsifying and misleading statements about
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EUR/USD: Severely overbought conditions – The downside is likely to be limited
EUR/USD – USD/CAD
EURUSD hit the target of the 2020 high at 1.1490/99 then broke higher to 1.1540 as we look for 1.1560/70.
USDCAD shorts at 1.3570/90 took a 60 pip profit at first support at 1.3515/05. Longs here however stopped below 1.3490. We then hit the next target of 1.3440/30.
Daily Analysis
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