Silver Price Forecast: XAG/USD tests key trendline support
From fxstreet.com
Silver (XAG/USD) reverses course during the American session on Tuesday after spending most of the day drifting lower from an intraday high of $36.20. At the time of writing, the metal is trading near $35.80, slightly above the session low of $35.28, but still down around 0.65% on the day as traders test key trendline support. Last week, Silver pushed to fresh 13-year highs as investors flocked to the metal for its safe-haven appeal. Strong industrial demand and tightening supply added fuel to the surge. However, the momentum has cooled since then, with the recent dip reflecting healthy profit-taking and reduced ...
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