Silver prices register six-day winning streak, trades comfortably above 200-day SMA. Highs marked in March, as well as on Monday, check the bulls amid overbought RSI. While staying firmly beyond 200-day SMA, Silver prints a six-day winning streak as taking the bids bear $17.37 during early Wednesday. Even so, white metal remains below the horizontal line comprising highs marked during March month and also on Monday around $17.57/58. As a result, overbought RSI conditions may trigger the bullion’s pullback to a 200-day SMA level of $16.96. Though, the metal’s further downside might stall around 61.8% Fibonacci retracement of February-March drop, near $16.17. Alternatively, a clear break of $17.58 enables the bulls to challenge February month top of $18.95 while likely taking intermediate stops around $18.00 and $18.25 during the rise. Silver daily chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple has the potential to increase transparency in the remittance industry – CFPB officials FX Street 2 years Silver prices register six-day winning streak, trades comfortably above 200-day SMA. Highs marked in March, as well as on Monday, check the bulls amid overbought RSI. While staying firmly beyond 200-day SMA, Silver prints a six-day winning streak as taking the bids bear $17.37 during early Wednesday. Even so, white metal remains below the horizontal line comprising highs marked during March month and also on Monday around $17.57/58. As a result, overbought RSI conditions may trigger the bullion’s pullback to a 200-day SMA level of $16.96. Though, the metal’s further downside might stall around 61.8% Fibonacci retracement of February-March drop,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
