Silver (XAG/USD) is trimming losses during Thursday’s European session opening. The precious metal’s reversal from long-term highs at $41.45 has been contained at the $40.50 area, and the pair has returned to levels a few pips shy of $41.00. at the time of writing. Precious metals are correcting lower on Thursday as dovish comments from Fed speakers eased market concerns about a global debt crisis. Nevertheless, investors’ appetite for risk remains subdued, which keeps XAG/USD’s downside attempts limited. The technical picture shows a healthy downside correction, following a nearly 7% appreciation in a seven-day ... (full story)