Silver moved higher in recent intraday trading after finding support at its EMA50, which provided positive momentum and helped the metal post gains while improving short-term recovery prospects.
The price continues to benefit from breaching a key short-term bearish trendline, a positive technical signal that supports further improvement. However, caution remains warranted as relative strength indicators have started to generate negative signals, which could weaken bullish momentum and limit silver’s ability to extend gains in the near term.
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Gold rose in recent intraday trading after finding support at its EMA50, which provided an important technical base and helped the price regain some positive momentum while recovering part of yesterday’s losses.
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