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Silver Price Prediction: XAG/USD Tumbles As DXY Surges
Silver (XAG/USD) price has experienced a very sharp correction in May. The price of the precious metal has faced an intense rejection from the $25.4-$26.8 resistance level. Silver price per ounce is currently in the midst of a recovery after closing the last two weeks with a 11.3% loss. The XAG USD pair turned red on Monday after a 2.58% bounce on Friday. At press time, Silver is trading at $23.21 as the precious metal was down 0.38% at the start of its New York session. The DXY index traded sideways and showed minor gains for the day. The XAG/USD pair has dropped much more than the XAU/USD in the past few weeks. ... (full story)