Silver portrays corrective pullback after bearing the heaviest losses in 13 days. 50-day SMA, descending trend line from February 01 becomes a tough nut to crack for the bulls. Bears eye 14-week-long support line during fresh downside. Silver refreshes intraday high to $25.77, up 0.15% intraday, during Tuesday’s Asian session. In doing so, the white metal recovers from a one-week low flashed the previous day. The corrective pullback currently eyes 50% Fibonacci retracement level of the commodity’s rise from September 2020 to February 2021, around $25.90, guards the quote’s immediate upside. However, a confluence of 50-day SMA and a short-term resistance line guards the quote’s immediate upside around $26.40. Even if the silver bulls manage to cross the $26.40 hurdle, the previous support line from November 30, at $27.05 now, will test the metal’s additional rise. Alternatively, an upward sloping trend line from December 07, currently around $25.10, could attack the sell orders before dragging the metal further down to a 61.8% Fibonacci retracement level of $24.88. In a case where silver bears keep the reins past-$24.88, the yearly bottom surrounding $24.18 could gain the market’s attention. Silver daily chart Trend: Further weakness 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 Tezos price breakout now in doubt as the crypto market bleeds FX Street 1 year Silver portrays corrective pullback after bearing the heaviest losses in 13 days. 50-day SMA, descending trend line from February 01 becomes a tough nut to crack for the bulls. Bears eye 14-week-long support line during fresh downside. Silver refreshes intraday high to $25.77, up 0.15% intraday, during Tuesday's Asian session. In doing so, the white metal recovers from a one-week low flashed the previous day. The corrective pullback currently eyes 50% Fibonacci retracement level of the commodity's rise from September 2020 to February 2021, around $25.90, guards the quote's immediate upside. However, a confluence of 50-day SMA and a short-term… 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.