Silver attempts a bounce after holding onto the $25.50 level. Acceptance above 21-HMA is critical to unleashing further gains. RSI stays bearish, pointing to a shallow recovery in XAG/USD. Silver (XAG/USD) is attempting a minor bounce in European trading, having found solid support near the midpoint of the $25 level. However, the XAG bulls appear to lack follow-through, as it faces stiff resistance at the horizontal 21-hourly moving average (HMA), now at $25.68 Silver Price Chart: Hourly Acceptance above the latter is needed for the bulls to revive the recovery momentum towards the $25.85 level, where the price faced rejection in the US last session. At that level, the bearish 50-HMA also coincides. The white metal could look to recapture the powerful resistance at $26, the confluence of the 200 and 100-HMAs, if the abovementioned hurdle is cleared on a sustained basis. The Relative Strength Index (RSI) points south below the midline, suggesting that any pullback attempts are likely to remain shallow. To the downside, a sustained move below the $25.50 support area would threaten the $25 threshold. The March 5 low of $24.83 could be tested if the selling pressure intensifies. Silver 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 GBP/JPY remains depressed near mid-150.00s FX Street 1 year Silver attempts a bounce after holding onto the $25.50 level. Acceptance above 21-HMA is critical to unleashing further gains. RSI stays bearish, pointing to a shallow recovery in XAG/USD. Silver (XAG/USD) is attempting a minor bounce in European trading, having found solid support near the midpoint of the $25 level. However, the XAG bulls appear to lack follow-through, as it faces stiff resistance at the horizontal 21-hourly moving average (HMA), now at $25.68 Silver Price Chart: Hourly Acceptance above the latter is needed for the bulls to revive the recovery momentum towards the $25.85 level, where the price faced rejection… 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.