Chart the Market (02/09/2026)
  • Market Insights   >   Chart The Market

Chart the Market (02/09/2026)

Published: 2 September 2026,06:28

Published: 2 September 2026,06:28

Chart The Market

Tags:

Share on:
FacebookLinkedInTwitterShare

XAGUSD,  D1:                                                               

Silver has suffered a clear technical deterioration in recent sessions, breaking not only out of the consolidation range that had contained prices near their recent peak but also decisively below its ascending trendline support. The dual breach has shifted the near-term bias firmly lower and raised the risk of further downside.

The metal is now trading close to its previous swing low around the $63.20 level. This zone is acting as the immediate line of defense. A sustained failure to hold above $63.20 would confirm the resumption of the broader corrective move and open the path toward the next significant support at the psychologically important $60.00 mark.

Market participants will be watching closely for either a rebound that reclaims the broken trendline or a clean break beneath $63.20 that would reinforce the bearish technical picture. Until price action stabilizes above the current support, the path of least resistance remains to the downside.

Resistance Levels:65.30, 69.70

Support Levels: 61.44, 56.70

ETH, H4

Ethereum continues to trade within a consolidation range near its monthly peak, with bullish momentum showing signs of fading. Both the MACD and RSI are now approaching bearish territory, pointing to a potential shift in momentum and supporting a more cautious near-term bias.

Should the cryptocurrency fail to hold within its current price range, a decisive break lower would strengthen the bearish outlook and open the door for a deeper correction. In this scenario, Ethereum could challenge the key psychological support level at $2,000.

Overall, the lower boundary of the present consolidation range remains the critical level to watch. A sustained break below it would reinforce the bearish technical picture and increase the likelihood of a move toward $2,000.

Resistance Levels: 2570.00, 2720.00

Support Levels: 2390.00, 2185.00

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Important Notice

Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.

This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.

We appreciate your understanding and cooperation.

If you believe this restriction has been applied in error, please contact our support team for further assistance.

Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!