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Silver Price Forecast: XAG/USD climbs for second day, eyes breakout above triangle barrier
Silver (XAG/USD) extends its rebound for a second consecutive day on Thursday, although upside could be limited by a stronger US Dollar (USD) and firm Treasury yields. At the time of writing, the metal is trading around $38.20, recovering from an intraday low near $37.50 touched during the European session. The US Dollar Index (DXY) climbs to a fresh one-week high near 98.50 after upbeat S&P Purchasing Managers Index (PMI) data reinforces optimism about the growth outlook. At the same time, weekly labor data shows US Initial Jobless Claims rising to an eight-week high, adding to signs of a cooling labor market. The ... (full story)
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- Aug 21, 2025 11:39am Posted byTechnical Analysis207
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- From dailyforex.com|Aug 21, 2025