The MACD bear cross is a sign that sellers are optimistic.
A clear break in the support line of the wedge can lead to a quote for 200-DMA.
Silver (XAG/USD), prices are still around $25.60, as bears target the 10-DMA level during Monday’s mid-Asian session.
The bright metal is still within a two-month-old rising-wedge bearish chart pattern.
The XAG/USD sellers are hopeful because of the potential bear cross between MACD and signal lines.
To direct silver bears towards $24.00, however, a daily close below the wedge’s lower line (around $25.30 at the press time) will be required.
The corrective pullback will initially be impeded by the $26.00 level and the multi-month high of $26.95.
The wedge will then be in focus with an upwardly sloping trendline starting from January 20 and forming part around $27.30.
