Silver keeps the pullback moves from $26.50 while battling 10-day EMA. Monthly triangle restricts short-term moves amid normal RSI conditions. Silver prices rise to $26.91, intraday high of $26.96, during the Asian session on Monday. The white metal dropped from $26.84 to $26.50 at the start of the day’s trading. However, the following recovery attacks 10-day EMA resistance. Other than the 10-day EMA level of $26.97, a falling trend line from September 01, at $27.13 now, also probes the bulls targeting the mid-September top surrounding $27.65. In a case where silver buyers manage to cross $27.65 on a daily closing basis, the monthly high of $28.90 will be in the spotlight. Alternatively, a downside break of the short-term triangle’s support, near $26.40, will quickly recall the $26.00 threshold on the chart before targeting the monthly low close to $25.85. Considering the symmetrical triangle formation and the normal RSI conditions, the white metal traders are likely to remain standby unless silver prices offer any notable breakout. Silver daily chart Trend: Sideways 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 China keeps one-year loan prime rate unchanged at 3.85%, as expected FX Street 1 year Silver keeps the pullback moves from $26.50 while battling 10-day EMA. Monthly triangle restricts short-term moves amid normal RSI conditions. Silver prices rise to $26.91, intraday high of $26.96, during the Asian session on Monday. The white metal dropped from $26.84 to $26.50 at the start of the day’s trading. However, the following recovery attacks 10-day EMA resistance. Other than the 10-day EMA level of $26.97, a falling trend line from September 01, at $27.13 now, also probes the bulls targeting the mid-September top surrounding $27.65. In a case where silver buyers manage to cross $27.65 on a daily closing… 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.
