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via fxstreet.comMarkets

Silver Price Forecast: XAG/USD slides below $60 as sellers retain control

FROM THE WIRE · FXSTREET.COM

Silver (XAG/USD) remains under pressure on Thursday even as the US Dollar (USD) and US Treasury yields ease. Sellers remain in control after a break below the $60 psychological mark, with the Relative Strength Index (RSI) drifting toward oversold territory.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSilver breaks below the $60 psychological level with sellers in control and RSI approaching oversold territory.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01XAG/USD remains under pressure below $60 despite easing US Dollar and Treasury yields.
  2. 02Relative Strength Index (RSI) drifting toward oversold territory.
  3. 03Sellers retain control of the silver market.
  4. 04US Treasury yields are easing.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity59.18 USD+0.06%today -1.85%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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