Silver follows immediate rising trend line but stays below weekly horizontal resistance near $17.24/27. Sustained trading above 200-HMA, normal RSI conditions keep buyers hopeful. Silver prices take rounds to $17.15, down 0.45% on a day, amid the pre-Tokyo open Asian session on Monday. In doing so, the White metal stays above the immediate support line portraying Friday’s recovery moves while also failing to cross a horizontal area comprising multiple levels since May 18. Even the bullion’s sustained trading above 200-HMA and normal RSI conditions seem to favor the buyers. As a result, a sustained break above $17.27 will enable the bulls to question the monthly high near $17.63 while keeping eyes on the $18.00 round-figure. Meanwhile, a downside break below $17.10, comprising the nearby support line, will have to be justified by a sturdy fall below $17.00 to aim for a 200-HMA level of $16.66. Silver hourly chart Trend: Bullish 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 Gold: Mildly heavy below $1,750, looks to US-China tension for clues FX Street 3 years Silver follows immediate rising trend line but stays below weekly horizontal resistance near $17.24/27. Sustained trading above 200-HMA, normal RSI conditions keep buyers hopeful. Silver prices take rounds to $17.15, down 0.45% on a day, amid the pre-Tokyo open Asian session on Monday. In doing so, the White metal stays above the immediate support line portraying Friday’s recovery moves while also failing to cross a horizontal area comprising multiple levels since May 18. Even the bullion’s sustained trading above 200-HMA and normal RSI conditions seem to favor the buyers. As a result, a sustained break above $17.27 will enable the… Regulated 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.
