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Silver Price Forecast: XAG/USD dips below $36.50 on US Dollar strength
Silver price retreats on Thursday after back-to-back bearish days, as investors seeking safety buy the US Dollar (USD), pushing the US Dollar Index (DXY) to a six-day high of 99.15. Rising tensions in the Middle East grow as the US could be dragged into the conflict. Currently, XAG/USD is trading at $36.37, down nearly 1%. Silver prices remain upward biased, despite retreating to current levels after reaching a multi-year high of $37.32 on Wednesday. The gray metal hit a low around $36.21; since then, it has recovered, but traders are facing strong resistance at $36.50. The Relative Strength Index (RSI) indicates ... (full story)
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- Jun 19, 2025 5:40pm Posted byTechnical Analysis272
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