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fxJun 9, 2026, 8:29 AM

Silver Holds Above $68.50 Despite Persistent Bearish Bias

Silver (XAG/USD) extended gains for a second day, trading near $68.60, but remains below key moving averages, keeping near-term bias bearish.

XAGUSD

Silver (XAG/USD) continued its modest recovery on Tuesday, trading around $68.60 per troy ounce during European hours. The precious metal has posted gains for the second consecutive session, holding above the $68.50 level.

Despite the short-term uptick, the technical outlook remains bearish. XAG/USD is trading below both the 9-day and 50-day Exponential Moving Averages (EMAs), indicating that sellers maintain control. A sustained move above these resistance levels would be needed to shift the bearish bias.

Traders will watch for further cues from the broader dollar dynamics and risk sentiment.

Source: FXStreet Forex News