Silver trades 0.36% lower but it could have been much worse. The triangle chart pattern is still intact after a brief test lower. Silver 4-hour candle Silver has recovered from the lows on the session on Thursday. The price moved lower after some USD strength earlier in the session but the greenback has since reversed. The price has been moving pretty sideways for a while now and since 3rd September the price has been in a USD 1.78 range. Considering in USD 6 lower in August this is pretty tight. Looking at the chart, the main feature is the large triangle formation. The bottom trendline had been pierced but the price recovered pretty quickly. This support matched up with the blue support zone at USD 26.26 per ounce. The indicators are pretty flat as the market is moving sideways. The Relative Strength Index is at 50 and the MACD is just in the red with the signal lines at the mid-point too. The trend on the higher timeframe is still moving higher but this whole move sideways has been going on for a while now but a break of the previous wave high at USD 27.62 per ounce. Additional 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 Wall Street Close: Economic data not up to the mark, ‘Big-tech’ weighs benchmarks down FX Street 1 year Silver trades 0.36% lower but it could have been much worse. The triangle chart pattern is still intact after a brief test lower. Silver 4-hour candle Silver has recovered from the lows on the session on Thursday. The price moved lower after some USD strength earlier in the session but the greenback has since reversed. The price has been moving pretty sideways for a while now and since 3rd September the price has been in a USD 1.78 range. Considering in USD 6 lower in August this is pretty tight. Looking at the chart, the main feature is the large triangle… 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.
