Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks

From fxstreet.com

Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%. Silver price is trading below the 50-day Simple Moving Average (SMA) at $32.68, a key technical resistance level that capped the metal’s advance despite hitting a daily high of $32.93. Momentum shows the lack of commitments of buyers and sellers as portrayed by the Relative Strength Index (RSI), which hovers near its 50 neutral line, ... (full story)