EUR_USD_L_7

Silver Price breaches a bearish correctional trend line

The (silver) price settled high in its last intraday trading, after breaching a bearish correctional trend line on the short-term basis, reinforcing the chances for the recovery and extending its intraday gains, on the other hand, the price remains under the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signal on the (RSI), after reaching overbought levels, which suggest the beginning of forming negative divergence, which might push the price to witness bearish correctional rebounds on the intraday basis that target offloading this overbought conditions.

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