Silver refreshes intraday low while defying the previous day’s pullback from $23.83. Bearish MACD overrules candlestick formation suggesting that the sellers are tiring. Lows marked in July 30, 100-day SMA can offer nearby support, 50-day EMA and 61.8% Fibonacci retracement restrict immediate upside. Silver prices drop to $24.28, intraday low of $24.23, while flashing a 0.40% intraday loss during Wednesday’s Asian session. The white metal’s bounce off $23.83, amid the late-US session on Tuesday, printed spinning top candlestick on the daily chart. Though, the bearish MACD keeps the sellers hopeful. As a result, $24.00 and the monthly low near $23.70 appear on the traders’ radars as immediate support ahead of August month’s trough surrounding $23.40. During the quote’s additional weakness past-$23.40, July 30 bottom and 100-day EMA, respectively around $22.90 and $22.80, hold the key to July month’s low of $22.31. Alternatively, silver buyers’ return needs to conquer the $25.10/20 resistance confluence, comprising 50-day EMA and 61.8% Fibonacci retracement of late-July upside, to aim for September 08 low near $25.85. In a case where the bullion stays strong beyond $25.85, the September 16 peak close to $27.65 and the monthly high of $28.90 will be the key to watch. Silver daily chart Trend: Bearish 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 Dollar Index price analysis: Rises above 94 for first since July 27 FX Street 2 years Silver refreshes intraday low while defying the previous day’s pullback from $23.83. Bearish MACD overrules candlestick formation suggesting that the sellers are tiring. Lows marked in July 30, 100-day SMA can offer nearby support, 50-day EMA and 61.8% Fibonacci retracement restrict immediate upside. Silver prices drop to $24.28, intraday low of $24.23, while flashing a 0.40% intraday loss during Wednesday’s Asian session. The white metal’s bounce off $23.83, amid the late-US session on Tuesday, printed spinning top candlestick on the daily chart. Though, the bearish MACD keeps the sellers hopeful. As a result, $24.00 and the monthly low near $23.70… 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.