Silver Analysis - April - Week 2SilverOANDA:XAGUSDtommyjose92Silver 2nd Week of April Analysis: Technicals: +5pts + Price closed 4% up (3$) this week. + Price closed above the 74 W Res. + Price is now positive for the month above the 75.00 round level. + Price produced a bullish Pin bar on April 07 after US-IRAN Ceasefire. + Uptrend Channel that started after the March 23th Bullish Pin Bar is still respected. + Price came back to fill a liquidity gap formed on the 4h chart around the 73.00 level which may sign Big money entering long orders. - A Bearish Pin bar with higher volume was produced on April 08 and hasnt been broken. Fundamentals: 0 pts + DXY weakened this week. + Price reacted positively to US-IRAN Ceasefire. + US 10Y lowered this week. - Could not find data of this week COT report on the CFTC website. - Silver Industrial Demand weakened this week according to sources. - Price reacted with a fake out at 76.50 after the US CPI data release on Friday. Key levels: Bullish Key Level: 78 Bearish Key Level: 70 Summary: I expect a week that may show its position on Monday. If weaker Monday could sign a lack of strength to the upside and I may be closing my long position. If the price breaks the 78.00 level strong on Monday this may sign the return of a bulish trend up to the 90.00 price level seen on March, which will justify more holding long. Money Bible Quote: "Dishonest money dwindles away, but he who gathers money little by little makes it grow." Proverbs 22:26–27