EUROPEAN COUNCIL: Leaders Discussing MFF Amid Usual South/Frugal Divisions

• RES 4: $108.071 - 76.4% retracement of the Jan 29 - Feb 6 sell-off
• RES 3: $99.668 - 61.8% retracement of the Jan 29 - Feb 6 sell-off
• RES 2: $90.015/97.804 - High Mar 10 / 2 
• RES 1: $80.184 - 50-day EMA       
• PRICE: $73.261 @ 08:08 GMT Mar 25
• SUP 1: $61.007 - Low Mar 23
• SUP 2: $60.000 - Round number support 
• SUP 3: $56.496 - Low Dec 4 ‘25
• SUP 4: $53.345 - Low Nov 28 ‘25 

A bear cycle in Silver remains intact. Monday’s initial move lower resulted in a breach of key short-term support at $64.098, the Feb 6 low and bear trigger. A clear break of this level would strengthen bearish conditions and confirm a resumption of a medium-term corrective cycle plus open the $60.00 handle. Key short-term resistance has been defined at $97.804, the Mar 2 high. Initial firm resistance is seen at  $80.184, the 50-day EMA. 

A former UK Office for Budget Responsibility official speaks to MNI about the UK's public finances -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

• RES 4: 1.3929 High Jan 16   
• RES 3: 1.3889 61.8% retracement of the Nov 5 ‘25 - Jan 30 bear leg 
• RES 2: 1.3845 High Jan 22
• RES 1: 1.3800 High Jan 23
• PRICE: 1.3785 @ 08:05 GMT Mar 25
• SUP 1: 1.3670/3526 Low Mar 23 / Low Mar 09
• SUP 2: 1.3482 Low Jan 30 and the bear trigger 
• SUP 3: 1.3420 Low Sep 25 ‘24
• SUP 4: 1.3400 50.0% retracement of the 2021 - 2025 uptrend

A stronger short-term bull theme in USDCAD has resulted in the breach of a key resistance and bull trigger at 1.3753, the Mar 3 high. The break of this hurdle highlights a range breakout, a stronger bull cycle and confirms a clear breach of the 20- and 50-day EMAs. Sights are on 1.3800 initially, the Jan 23 high. For bears, a reversal would refocus attention on 1.3482, the Jan 30 low and bear trigger.