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Silver (XAGUSD) Price Forecast: $71 Holds as Bulls Eye $76 After Sharp Pullback

From fxleaders.com

Silver prices (XAG/USD) opened up in the European session trading around the $71.86 level, holding steady after a pretty sharp pullback from that recent high of $82.00. Despite the correction, silver is still one of the top performers among the precious metals this year & is benefiting from a combination of the US monetary policy easing up and the ongoing global uncertainty. Like gold, silver is also getting a boost from the expectations that the Federal Reserve might keep cutting interest rates right on into 2026. When the yields are low, the non-yielding assets generally do better, and silver has been following that ... (full story)

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  • Category: Technical Analysis