Silver prices edged higher in recent intraday trading, buoyed by technical support at the 50-day Exponential Moving Average (EMA50). This level provided sufficient positive momentum to fuel the latest upward move, reinforcing a short-term bullish correction trend.
The rally comes as investors attempt to reassert control over the market direction. Supporting this momentum is the emergence of early bullish signals on the Relative Strength Index (RSI), which recently rebounded from oversold territory—suggesting that bearish pressure may be easing.
Overall, the technical setup reflects strengthening short-term bullish sentiment, as silver attempts to build on recent gains.
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