Silver bulls struggling in a choppy range near the highest level since April 2013. Bearish MACD failures to extend the run-up keep sellers hopeful. 50-HMA can entertain short-term sellers, bulls may eye $28.22/28 are during further upside. Silver prices stay mildly bid while trading near $27.00, up 0.20% on the day, during the early Thursday. The white metal refreshed the multi-month high before a few hours but failed to rise further beyond $27.14. With the repeated pullback from $27.00, coupled with bearish MACD, the bullion forms an ascending triangle chart pattern on the hourly play. While the sellers are waiting for a clear break of $26.65 to portray a fresh downside towards a 50-HMA level of $25.92, bulls may have to provide a daily closing past-$27.14 to aim for $28.00. However, the quote’s further upside past-$28.00 becomes tough as the February 2013 low joins April 2013 top to highlight $28.22/28 as the key upside hurdle. On the contrary, an ascending trend line from July 30, at $24.82 now, could entertain bears as soon as 50-HMA fails to stop them. 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 Democrats’ bill would require Fed to focus on income, racial inequality – American Banker FX Street 2 years Silver bulls struggling in a choppy range near the highest level since April 2013. Bearish MACD failures to extend the run-up keep sellers hopeful. 50-HMA can entertain short-term sellers, bulls may eye $28.22/28 are during further upside. Silver prices stay mildly bid while trading near $27.00, up 0.20% on the day, during the early Thursday. The white metal refreshed the multi-month high before a few hours but failed to rise further beyond $27.14. With the repeated pullback from $27.00, coupled with bearish MACD, the bullion forms an ascending triangle chart pattern on the hourly play. While the sellers are waiting… 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.
