Silver prices (SILVER) achieved slight rise in their recent intraday trading, supported by the emergence of positive overlapping signals from relative strength indicators, after reaching exaggerated oversold levels compared to the price move, which supported the current rebounding attempts.
On the other hand, the price is facing clear negative pressure due to the continuation of its trading below EMA50, which reduces the chances of achieving full recovery on near-term basis, especially with the dominance of the main bearish trend on short-term basis.
Accordingly, we suggest a decline in sliver’s upcoming intraday trading, especially if $86.00 resistance settles, to target $74.00 support.
The expected trading range is between $76.00 support and $90.00 resistance
XAUUSDT
دائم
4,328.96
+2.32%
XAGUSDT
دائم
70.56
+3.58%