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Silver Price Forecast: XAG/USD looks to build on modest gains above mid-$89.00s
Silver (XAG/USD) struggles for a firm near-term direction and remains confined in a multi-day-old range during the Asian session on Friday. The white metal currently trades just above mid-$89.00s, up nearly 1.0% for the day, with technical setup favoring bullish traders and backing the case for a further appreciating move. The XAG/USD holds well above the rising 100-period Exponential Moving Average (EMA) on the 4-hour chart, near $84.40, keeping the short-term uptrend structure intact despite recent consolidation. Momentum has cooled from prior overbought conditions, with the Relative Strength Index easing toward ... (full story)
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