Silver prices waver around two-week top, stay positive for the fourth consecutive day. MACD eases bearish bias, sustained trading above key SMA favor the bulls. Silver eases to $25.85 during Thursday’s Asian session. Even so, the white metal stays positive around the two-week high, flashed before a few minutes, while marking a four-day uptrend. Behind the moves are the bullion’s successful trading above 50-day and 100-day SMA and receding strength of the bearish MACD signals. As a result, silver bulls are currently battling the 21-day SMA level of $26.00 ahead of January 06 low near $26.60. During the quote’s rise past-$26.60, the $27.00 and the previous month’s high near $27.40 can entertain silver buyers before directing them to the monthly peak surrounding $27.95 and the $28.00 threshold. Meanwhile, the metal’s pullback moves need to provide a daily closing below 50-day and 100-day SMA confluence between $24.88 and $25.00 to recall the sellers. Following that, the monthly low near $24.18 and the early December levels near $23.50 will be in the spotlight. Silver daily 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 Silver Price Analysis: XAG/USD bulls attack 21-day SMA to regain $26.00 FX Street 2 years Silver prices waver around two-week top, stay positive for the fourth consecutive day. MACD eases bearish bias, sustained trading above key SMA favor the bulls. Silver eases to $25.85 during Thursday’s Asian session. Even so, the white metal stays positive around the two-week high, flashed before a few minutes, while marking a four-day uptrend. Behind the moves are the bullion’s successful trading above 50-day and 100-day SMA and receding strength of the bearish MACD signals. As a result, silver bulls are currently battling the 21-day SMA level of $26.00 ahead of January 06 low near $26.60. During the quote’s rise… 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.
