Silver Price Forecast: XAG/USD compresses within triangle chart pattern
From fxstreet.com
Silver (XAG/USD) trades with a positive tone on Wednesday, snapping a two-day losing streak as dip buyers step in to cushion the downside. At the time of writing, XAG/USD is hovering around $77.50, up over 5.5% on the day. Despite the intraday bounce, the white metal could struggle to build on gains in the near term as traders reassess the evolving macro backdrop and technical landscape. Investors remain cautious about chasing prices aggressively higher, with speculative interest cooling after the sharp correction from record highs near $121.66 set in late January. At the same time, signs of progress in US-Iran talks ...
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