Silver lacks a clear directional bias, as the three-day winning streak stalls. RSI holds above the midline but bear cross on the 1D chart warrants caution. A drop towards $25.25 key support cannot be ruled out. Having failed to find acceptance above the 50-daily moving average (DMA) at $26.06, silver (XAG/USD) sellers have fought back control on Monday. The white metal snaps a three-day winning streak and remains trapped in a narrow range between the 50-DMA and 100-DMA barrier amid mixed technical signals. The 100-DMA support is aligned at $25.82. On one hand, the 14-day Relative Strength Index (RSI) keeps its range above the midline, currently at 54.94, suggesting that the upside bias remains intact. Meanwhile, a bear cross spotted on the said time frame last week points to a potential downside. The bearish crossover got confirmed after the 21-DMA pierced through the 200-DMA from above. Silver Price Chart: Daily Therefore, if the selling pressure intensifies, the 100-DMA support could be put at risk once again, opening doors towards the confluence of the 21 and 200-DMAs around $25.25. On the flip side, a daily closing is needed above the 50-DMA to negate the bearish pressures while prompting the XAG bulls to take on the March 18 high of $26.64. 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 EUR/USD: Fundamentals point to a growing chance to burst above 1.20 FX Street 2 years Silver lacks a clear directional bias, as the three-day winning streak stalls. RSI holds above the midline but bear cross on the 1D chart warrants caution. A drop towards $25.25 key support cannot be ruled out. Having failed to find acceptance above the 50-daily moving average (DMA) at $26.06, silver (XAG/USD) sellers have fought back control on Monday. The white metal snaps a three-day winning streak and remains trapped in a narrow range between the 50-DMA and 100-DMA barrier amid mixed technical signals. The 100-DMA support is aligned at $25.82. On one hand, the 14-day Relative Strength Index (RSI) keeps… 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.
