Forecast update for Silver -16-09-2026

Gold extended its gains during its latest intraday trading, benefiting from the positive signals emerging from the relative strength indicators, confirming the continued stability of the key support level at $4,300, while the price is now testing the resistance of a short-term bearish corrective trendline. This comes amid continued negative pressure stemming from trading below EMA50, which is acting as dynamic resistance and intensifying the negative pressure around the price, threatening to send these gains lower again in the coming period.

The EURUSD pair declined in its latest intraday trading, erasing most of its early gains for today affected by the stability of the key support at 1.1530, gaining some bullish momentum and helped it to face negative pressure, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels exaggeratedly compared to the price move, which suggest the return of the last decline.

The GBPAUD benefited by stochastic rally to the overbought level, to notice forming some bullish corrective waves, to recover some of the losses by reaching 1.8940 level.