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Silver (XAG) Forecast: $50.02–$51.07 Sets the Tone for Renewed Selling or Next Breakout
Silver (XAG/USD) ended the week in positive territory, settling at $48.92, up from Monday’s low of $45.55. The rally reflected a shift in positioning after the Federal Reserve’s latest rate move and gold’s midweek rebound. Still, the late-week rejection below resistance leaves sellers in control for now, with the short-term trend skewed to the downside. The Federal Reserve cut rates by 25 basis points, moving the benchmark range to 3.75%–4.00%. While this initially supported silver and other precious metals, Chair Jerome Powell offered no commitment to further easing. That uncertainty weighed on sentiment. ... (full story)
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