Silver prices rose in the latest intraday trading. They benefited from the support of the 50-candle Simple Moving Average (SMA) and the upward trend line in the short term. Positive signals have started to emerge from the Stochastic indicator.
It has reached oversold levels, aiding in the price rebound. Due to profit-taking, US crude oil prices edged lower during the most recent trading session. The market tries to gather positive momentum for another rebound.
The upward correctional trend remains dominant in the short term. The Stochastic indicator is signaling potential positive divergence. Brent crude oil prices dipped in intraday trading.
The market attempts to alleviate the conditions of overbought indicated by Stochastic. Despite this, the upward trend continues in the short term, supported by the ongoing trend line.
Silver prices trend upward
On April 1, 2025, silver prices experienced sideways trading. They were trying to gather positive momentum.
The commodity maintained its upward short-term trend line. It continued trading above the 50-candle SMA, providing additional positive support. This is a financial portal offering news and analysis on various financial markets.
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