Silver declined in its last intraday trading, affected by increasing selling activity that pushed the price back to the bearish trend, with the continuation of the buying momentum weakness, and the market is unable to sustain its previous recovery attempts.

This performance comes as the relative strength indicators begin to show a bearish crossover after reaching excessively overbought levels, this suggests forming a bearish divergence, which could intensify selling pressure in the upcoming sessions. Meanwhile, silver continues to trade below the EMA50, which reinforces the main short-term bearish trend, keeping the likelihoods of recording more losses valid unless clearer technical signals emerge to support the trend reversal.

Gold declined during its latest intraday trading, as selling pressure continued to dominate price action. The metal remains below the EMA50, which continues to reinforce the short-term bearish trend and limits the chances of a sustained recovery.

The decline came after offloading oversold conditions on the relative strength indicators. Those indicators moved into excessively overbought levels, signaling that the bullish momentum behind the previous rebound has faded. These technical factors support the continuation of the bearish outlook, with gold remaining vulnerable to further selling pressure and additional losses in the near term.

The EURUSD pair declined during its recent intraday trading, by the continuation of the selling momentum dominant on the short-term basis, keeping the recovery chances limited in the current period.

This performance comes as the pair continues to trade below EMA50, which represents a dynamic resistance and reinforces the negative technical outlook. Meanwhile, the relative strength indicators began to show a bearish crossover after reaching heavily overbought levels, which reflects fading bullish momentum and increases the selling pressures, leading to further losses in the near term.

Bitcoin (BTCUSD) rose in its last intraday trading after the stability of $58,000 support, which represented our last expected target, gaining positive momentum that helped it achieve these gains, attempting to recover part of its previous losses, amid the dominance of the main short-term bearish trend.