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Silver Price Forecast: XAG/USD consolidates below $79.00, around 50% Fibo. level
Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session on Friday, up 0.50% for the day. The white metal remains on track to register gains for the fourth straight week and seems poised to climb further. From a technical perspective, the XAG/USD is holding above the 200-period Exponential Moving Average (EMA), reaffirming the near-term constructive bias despite recent failures near the $81.00 mark. Moreover, the Relative Strength Index (RSI) near 57 hints at mildly positive momentum. That said, the Moving ... (full story)
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- Apr 16, 2026 9:40pm Posted byTechnical Analysis143
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