Silver prints mild losses near the support line of a bearish chart pattern. 100-HMA adds to the downside filters, multiple hurdles to test recovery moves. Silver snaps a four-day winning streak while easing to $25.92, down 0.15% intraday during Monday’s Asian session. In doing so, the white metal teases the confirmation of a rising wedge bearish chart formation on the hourly play. Given the normal RSI conditions and the commodity’s failure to stay strong beyond $26.00, silver prices are likely to confirm the bearish move towards the monthly low of $24.25. Though, a clear break of $25.90 will be necessary for the said fall while 100-HMA near $25.50 can offer an extra filter to the south. Meanwhile, the corrective pullback will have to cross the $26.00 threshold before challenging the upper line of the stated rising wedge, near $26.30. Even if the silver prices manage to pierce the $26.30 resistance, March 18 top near $26.65 will be an additional upside challenge for the commodity. Silver hourly 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 USD/JPY Price Analysis: Bulls seeking a significant correction from support FX Street 2 years Silver prints mild losses near the support line of a bearish chart pattern. 100-HMA adds to the downside filters, multiple hurdles to test recovery moves. Silver snaps a four-day winning streak while easing to $25.92, down 0.15% intraday during Monday's Asian session. In doing so, the white metal teases the confirmation of a rising wedge bearish chart formation on the hourly play. Given the normal RSI conditions and the commodity's failure to stay strong beyond $26.00, silver prices are likely to confirm the bearish move towards the monthly low of $24.25. Though, a clear break of $25.90 will be necessary… 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.
