The (silver) price rose in its last trading on the intraday basis, after reaching our expected target at $47.80 support, gaining some bullish momentum that helped it to achieve these gains, to recover some of its previous losses, and offloading some of its clear oversold conditions on the relative strength indicators, especially with the beginning of the positive signals emergence.

Despite the last rise, the price remains surrounded by negative pressure, first: its trading below EMA5, which reduces the chances of its sustainable recovery on the near-term basis, besides its affection by breaking minor bullish trend line on the short-term basis.

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