
“Silver declined during the latest intraday session, reaching the current support level at $46.80, which aligns with the target identified in our previous analysis. The downside pressure persists as the metal continues to trade below the 50-day EMA, reinforcing the strength and stability of the short-term bearish corrective trend along the trendline. Negative crossovers on the relative strength indicators have emerged after alleviating oversold conditions, suggesting that further losses may be recorded in the near term.”
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