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Silver Price Forecast: XAG/USD struggles at $24.00, bears eye $23.50

From fxstreet.com

Earlier in the New York session, XAG/USD reached a high of $23.91 but, as the New York stock market opened, the white metal retreated the move trading at $23.79 down a decent 0.27% at the time of writing. The market sentiment remains mixed but slightly downbeat. During the Asian session, data showed that the Chinese economy keeps slowing down. China’s Retail Sales edged higher by 2.5% versus 7% forecasted by analysts. It was a huge miss caused by lockdown measures implemented in the country amid a Delta variant outbreak. Additionally, major European stock indices finished with losses in line with Asian markets, ... (full story)

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  • Category: Technical Analysis