Silver stays depressed after easing from multi-month top the previous day. Bearish MACD favor sellers to break the nearby support line. Bulls await a clear break of $30.00 for fresh entries. Silver flirts with short-term support line while taking rounds to $28.40, intraday low of $28.23, during early Tuesday. In doing so, the white metal extends its failures to keep a brief uptick beyond the $30.00 while flashing 1.33% losses on a day. Given the quote’s pullback from the key psychological magnet, coupled with the bearish MACD, silver is more likely to break an upward sloping trend line from last Thursday, at $28.40 now. Following that, Friday’s close near $26.98 will be on the seller’s radar ahead of the 200-HMA level of $26.16. On the flip side, $29.30 can test the intraday’s upside momentum before highlighting the $30.00 threshold on the silver bull’s radar. Should the bullion stay positive above $30.00, the late January 2013 low near $30.75 will be in the spotlight. Overall, the white metal is likely to witness downside pressure but the bulls shouldn’t leave hopes. 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 Asian stocks stay positive as RBA, comments from China join stimulus hopes FX Street 1 year Silver stays depressed after easing from multi-month top the previous day. Bearish MACD favor sellers to break the nearby support line. Bulls await a clear break of $30.00 for fresh entries. Silver flirts with short-term support line while taking rounds to $28.40, intraday low of $28.23, during early Tuesday. In doing so, the white metal extends its failures to keep a brief uptick beyond the $30.00 while flashing 1.33% losses on a day. Given the quote’s pullback from the key psychological magnet, coupled with the bearish MACD, silver is more likely to break an upward sloping trend line from last… 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.
