Silver price declined in its last trading on the intraday basis, reaching the current support at $46.80 level, this support represents our expected target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the strength and the stability of the bearish corrective trend on the short-term basis with its trading alongside trendline, with the emergence of negative crossover on the relative strength indicators, after offloading its oversold levels, opening the way for recording more of the losses on the near-term basis.

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