Silver is trading mostly unchanged on the day near $25.44 per ounce at press time. The semi-precious metal is struggling to gather upside traction, marking a weak follow-through to the bullish outside week candle created in the five days to Jan. 22. A bullish outside week occurs when an asset sees more volatility than the previous week and ends the period with gains. In Silver’s case, the bullish outside week appeared following a two-week drop and indicates a reversal higher. So far, however, the buyers have remained elusive. Chart-driven traders could be waiting for a confirmation of reversal higher in the form of a convincing move above the past week’s high of $26.04. That would open the doors to $27.92 (high seen earlier this month). On the downside, the previous week’s low of $24.06 is the level to beat for the sellers. Weekly chart Trend: Bullish Technical levels 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 GBP/USD Price Analysis: Stays inside rising wedge on 4H ahead of UK jobs report FX Street 1 year Silver is trading mostly unchanged on the day near $25.44 per ounce at press time. The semi-precious metal is struggling to gather upside traction, marking a weak follow-through to the bullish outside week candle created in the five days to Jan. 22. A bullish outside week occurs when an asset sees more volatility than the previous week and ends the period with gains. In Silver's case, the bullish outside week appeared following a two-week drop and indicates a reversal higher. So far, however, the buyers have remained elusive. Chart-driven traders could be waiting for a confirmation of reversal higher in… 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.
