Silver extends the last week’s downside break of the monthly support line, now resistance, while taking offers near $25.80, down 0.22% intraday, during Monday’s Asian session. Although 100-SMA tests silver bears, for now, a downward sloping RSI line and a clear break of the previous key support signal further decline of the white metal. It should, however, be noted that early April highs around $25.60, quickly followed by a 200-SMA level of $25.50, guards the quote’s short-term downside. Meanwhile, corrective pullback needs not only a clear run-up beyond the previous support line around $26.25 but also a break of ... (full story)