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Silver Rebounds As Treasury Yields Move Lower

OANDA:XAGUSD   Plata/Dólar estadounidense
Silver gained strong upside momentum and is trying to settle above the resistance at $25.85. RSI has just started to rebound from recent lows so there is plenty of room to gain additional momentum in case the right catalysts emerge. 

If silver settles above $25.85, it will head towards the next resistance at the 50 EMA at $26.30. A move above the 50 EMA will lead to the test of the next resistance at the 20 EMA at $26.45. In case silver gets above the 20 EMA, it will move towards the resistance at $26.70.

On the support side, a move below $25.85 will open the way to the test of the support at $25.55. In case silver declines below this level, it will head towards the next support at $25.20. A successful test of the support at $25.20 will push silver towards the recent lows at $25.00.

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