FXEmpirecom

FXEmpirecom

Silver has recently made an attempt to settle below $25.00 but received support at $24.50 and rebounded back to the $25 level. If silver manages to settle below $25.00, it will get to another test of the support at $24.70. In case silver declines below the support at $24.70, it will head towards the next support level at $24.50. A move below this level will open...

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Silver failed to settle below the support at $25.00 and is currently trying to settle above the nearest resistance level at $25.20. In case this attempt is successful, silver will head towards the next resistance at $25.55. A move above the resistance at $25.55 will push silver towards the low end of the recent trading range between $25.85 and $26.25. If silver...

FXEmpirecom

Silver gained strong downside momentum after it managed to settle below the key support level at $25.85. Silver has already managed to get below the next support at $25.55 and is currently trying to settle below the support at $25.20. In case this attempt is successful, silver will head towards the support level at $25.00. A move below the support at $25.00 will...

FXEmpirecom

Silver has finally managed to get out of the previous trading range between the support at $25.85 and the resistance at the 50 EMA at $26.25. Currently, silver is trying to settle below the support at $25.55. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge. In case silver manages to settle below...

FXEmpirecom

Silver remains stuck in the range between the support at $25.85 and the resistance at the 50 EMA at $26.25. Both support and resistance levels have been actively tested this week, but silver failed to develop any momentum.  Interestingly, the continuation of the major sell-off in the U.S. government bond market, which pushed Treasury yields higher, failed to push...

FXEmpirecom

Silver remains stuck in the range between the support at $25.85 and the resistance at the 50 EMA at $26.25. In today's trading session, silver made an attempt to settle above the 50 EMA but faced resistance near $26.70 and pulled back into the previous trading range. Interestingly, rising Treasury yields failed to put more pressure on silver, and the support at...

FXEmpirecom

The technical picture for silver remained unchanged in recent trading sessions as silver is stuck between the support at $25.85 and the resistance at the 50 EMA at $26.25. Today, silver traders will likely wait for the Fed Interest Rate Decision before making any significant moves. Silver will likely be able to gain material momentum once it manages to get out of...

FXEmpirecom

The technical picture for silver has not changed much in recent trading sessions. Silver remains stuck between the support at $25.85 and the resistance at the 50 EMA at $26.25. Silver has already tested both levels during the current trading session but failed to gain any momentum. If silver declines below the support at $25.85, it will head towards the next...

FXEmpirecom

Silver failed to settle below the support at $25.85 and rebounded towards the nearest resistance level at the 50 EMA at $26.25. The 20 EMA is located in the nearby, so the resistance at $26.25 is set to be a material obstacle on the way up for silver. RSI remains in the moderate territory so there is plenty of room to gain additional upside momentum in case the...

FXEmpirecom

Silver gained downside momentum and managed to settle below the support at $25.85. Currently, silver is trying to settle below the next support level at $25.55. If this attempt is successful, silver will move towards the support at $25.20. A successful test of the support at $25.20 will open the way to the test of the next support level which is located near the...

FXEmpirecom

Silver has recently tested the resistance at the 50 EMA at $26.30 but did not manage to develop sufficient upside momentum. The 20 EMA is located at $26.40 so silver has to deal with material resistance in the $26.30 - $26.40 area. In case silver manages to settle above the 20 EMA, it will gain additional upside momentum and head towards the next resistance level...

FXEmpirecom

Silver managed to get above the resistance at $25.85 and is trying to settle above the $26 level. If this attempt is successful, silver will move towards the next resistance level which is located at the 50 EMA at $26.30. In case silver gets above this level, it will test the 20 EMA at $26.40. A move above the resistance at the 20 EMA will push silver towards the...

FXEmpirecom

Silver gained strong upside momentum and is trying to settle above the resistance at $25.85. RSI has just started to rebound from recent lows so there is plenty of room to gain additional momentum in case the right catalysts emerge.  If silver settles above $25.85, it will head towards the next resistance at the 50 EMA at $26.30. A move above the 50 EMA will lead...

FXEmpirecom

Silver is currently testing the nearest support level at $25.00. While silver lost a lot of ground in recent trading sessions, RSI remains in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge. If silver declines below the support at $25.00, it will move towards the next support level at...

FXEmpirecom

Silver is currently trying to settle below the support at $25.20. If this attempt is successful, it will head towards the next support level which is located at $25.00. A move below the support at $25.00 will open the way to the test of the support at $24.70. In case silver declines below this level, it will head towards the next support at $24.50. A successful...

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Silver continues its attempts to settle below the nearest support level at $25.85. Silver has recently made an attempt to settle below this level but lost momentum and rebounded closer to the $26 level. If silver declines below $25.85, it will head towards the next support level which is located at $25.55. A move below the support at $25.55 will open the way to...

FXEmpirecom

Silver declined below the 50 EMA at $26.45 and is moving towards the support level which is located at $25.85. Yesterday, silver found strong support at this level, but it may have a better chance to settle below $25.85 on the second attempt. A move below this level will push silver towards the next support at $25.55. In case silver declines below the support at...

FXEmpirecom

Silver had recently made an attempt to settle below the support level at $25.85 but lost momentum and rebounded towards the resistance at the 50 EMA at $26.45. In case silver manages to settle above this level, it will move towards the next resistance which is located at $26.70. A move above the resistance at $26.70 will push silver towards the next resistance at...