Silver

The price of silver continues to fall in the early Asian session. During the previous session, the metal effectively rebounded above the key zone of $60. However, the metal has reversed dramatically from its early gains, indicating that bullish momentum is limited.

Key Indicators

• RSI continues to sit in a zone of weakness near 30; the MACD remains below its signal line, and price is trading below all key moving averages within a downtrend.

Fundamental Context

The silver price reversed with another bearish continuation candle, reinforcing the downside momentum that has been in place for weeks.