Silver prints mild losses, recently fails to extent recovery moves from $23.87. Sustained trading below the key HMA suggests further downside. Monthly horizontal support challenges the bears amid normal RSI conditions. Silver declines to $23.96, down 0.17% intraday, during Friday’s Asian trading. In doing so, the white metal keeps its U-turn from 100-HMA, marked the previous day, while defying Thursday’s recovery moves. Considering the normal RSI conditions backing the latest pullback from the key HMA, the commodity prices can weaken further. However, a horizontal area comprising lows marked since December 01, between $23.50 and $23.60, offers a tough nut to crack for the silver sellers. In a case where the metal bears dominate past-$23.50, 61.8% Fibonacci retracement of November 30 to December 08 upside, at $23.02, will challenge the further downside. Alternatively, an upside clearance of 100-HMA, at $24.23 now, will have to refresh the monthly top of $24.86 before eyeing the $25.00 threshold. During the quote’s successful rise above the $25.00 round-figure, November’s high near $26.00 will be in the spotlight. Silver hourly 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 Bitcoin Price Prediction: BTC bears eye two-month-old support line amid losses below 21-day SMA FX Street 2 years Silver prints mild losses, recently fails to extent recovery moves from $23.87. Sustained trading below the key HMA suggests further downside. Monthly horizontal support challenges the bears amid normal RSI conditions. Silver declines to $23.96, down 0.17% intraday, during Friday’s Asian trading. In doing so, the white metal keeps its U-turn from 100-HMA, marked the previous day, while defying Thursday’s recovery moves. Considering the normal RSI conditions backing the latest pullback from the key HMA, the commodity prices can weaken further. However, a horizontal area comprising lows marked since December 01, between $23.50 and $23.60, offers a tough nut to… 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.
