Silver prices remain bid for the third day in a raw. Bulls’ dominance beyond the channel could refresh the monthly top. The early-month tops could regain the market’s attention below the channel’s support. Silver prices rise 0.36% to $17.32 amid the Asian session on Thursday. In doing so, the bullion confronts the resistance line of a short-term falling trend channel. The bearish chart formation suggests a pullback from $17.40 towards $17.00 and then to the channel’s support of $16.60. Should the selling pressure remain strong after $16.60, the early-month top near $15.65/60 could return to the chart. Meanwhile, an upside clearance of $17.40 can quickly refresh the monthly high of $17.64 whereas $18.00 will be on the bulls’ radars afterward. Silver four-hour 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 BOK cuts rates to 0.50%, sees biggest GDP contraction since Asian financial crisis, KRW off lows FX Street 3 years Silver prices remain bid for the third day in a raw. Bulls’ dominance beyond the channel could refresh the monthly top. The early-month tops could regain the market’s attention below the channel’s support. Silver prices rise 0.36% to $17.32 amid the Asian session on Thursday. In doing so, the bullion confronts the resistance line of a short-term falling trend channel. The bearish chart formation suggests a pullback from $17.40 towards $17.00 and then to the channel’s support of $16.60. Should the selling pressure remain strong after $16.60, the early-month top near $15.65/60 could return to the chart. Meanwhile, an upside… 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.
