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Silver Price Forecast: XAG/USD retreats after reaching fresh record highs near $109.50
Silver price (XAG/USD) extends its gains for the third successive session, trading around $108.80 per troy ounce during the Asian hours on Monday. The XAG/USD pair hit a fresh high of $109.46 amid persistent bullish bias, indicated by the technical analysis of the daily chart timeframe, as the price of the precious metal rises within the ascending channel pattern. Silver price remains firmly above the rising 50-day Exponential Moving Average (EMA), with price sustaining a clear premium over both. The short-term slope has steepened, underscoring trend acceleration. Trend structure stays intact as the spread between ... (full story)
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