Silver Holds Below $60, RSI Bounce Hints at Breakout
Silver extends gains for second consecutive day, up over 1.25%, but remains below $60, with RSI bounce indicating potential breakout.
XAGUSD
Silver prices continued their upward momentum for a second day, gaining more than 1.25% in recent trading. However, the metal remains stuck below the key $60 level, trading in a sideways consolidation pattern.
Technical indicators show a relative strength index (RSI) bounce, suggesting that a breakout may be imminent. Traders are watching for a decisive move above $60 to confirm further upside.
Source: FXStreet Forex News