Silver experienced fluctuating trading at its last intraday levels, as cautious market sentiment persists, while selling pressure remains the dominant force driving short-term price action.

The trading still below the EMA50, which continues to act as dynamic resistance and limits the chances of a sustainable recovery, beside the continuation of the bearish trend dominance. Meanwhile, relative strength indicators have formed a bullish divergence after reaching deeply oversold levels, accompanied by a bullish crossover. This may allow silver to take breath or perform a limited corrective rebound; however the overall technical outlook remains bearish unless key resistance levels are broken.

Gold extended its intraday decline, approaching a break below the key psychological support level of $4,000 amid the continuation of the selling pressure dominance, putting this key level under increasing pressure and raising the likelihood of a continued bearish trend.

Gold also remains below the EMA50, which acts as dynamic resistance and reinforces the stability of short-term bearish trend. Meanwhile, relative strength indicators began to show a bullish crossover after reaching deeply oversold levels, which could slow the pace of losses or trigger a limited corrective rebound.

The EURUSD pair witnessed slight intraday losses after failing to breach the key resistance at 1.1430, which limited the attempts to rise, accompanied by testing  EMA50’s resistance, increasing selling pressure on the pair.

At the same time, relative strength indicators have started to produce a bearish crossover after reaching overbought levels, pointing to weakening bullish momentum and raising the chances of sellers regaining control.

Bitcoin (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, approaching from recovering all the early losses for today, with the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.