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Silver Price Continues to Decline Amid Increasing Technical Pressures –Analysis – 02-09-2026
Silver continued to decline during its recent intraday trading, affected by its earlier break below a major short-term bullish trendline, keeping negative pressures in control of the price movement, besides continued trading below EMA50, which represents dynamic resistance and limits the chances of a recovery in the near term.
This is accompanied by negative signals from the relative strength indicators, despite their reaching deeply oversold levels. This reflects the continued strength of the downward pressure and the absence of a clear bullish reversal so far, which may increase the likelihood of further losses in the near term.
Gold Price Reaches Our Price Target – Analysis – 02-09-2026
The price of gold sharply deepened its losses during its recent intraday trading, reaching $4,300 support, which was our price target in previous analysis. This comes amid the dominance of a steep bearish corrective wave in the short term, along with continued negative pressure resulting from trading below EMA50, accompanied by negative signals from the relative strength indicators.
MoreEURUSD Declines Under Pressure from a Bearish Corrective Wave – Analysis – 02-09-2026
The EURUSD price declined during its recent intraday trading, amid the dominance of a short-term bearish corrective wave, with the pair moving along a trendline supporting this direction, with continued negative pressure comes from trading below EMA50 reduces the chances of a full recovery in the near term.
MoreEvening update for bitcoin -01-09-2026
BTCUSD settles lower during its latest intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of near-term recovery, and confirms the stability of the bearish corrective trend on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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