Silver Price Forecast: XAG/USD struggles to build on intraday gains beyond $75.00
From fxstreet.com
Silver (XAG/USD) trades with a positive bias for the second straight day on Friday, though it struggles to capitalize on modest Asian session gains to levels just above the $75.00 psychological mark. The white metal currently trades around the $74.25 region, up 0.65% for the day, and seems poised to register modest losses for the second week in a row. From a technical perspective, the XAG/USD now seems to have found acceptance above the 23.6% Fibonacci retracement level of the recent decline from the April swing high, around the $83.00 mark. Adding to this, the Relative Strength Index (RSI) sits around 65, pointing ...
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