Silver Holds Steady Near $62.01, Market Looks for Direction
Silver prices were broadly unchanged on Thursday, with XAG/USD trading at $62.01 per troy ounce, down just 0.06% from the prior level.
Silver traded in a tight range on Thursday, showing little movement from the previous session. According to FXStreet data, XAG/USD was quoted at $62.01 per troy ounce, a marginal decline of 0.06% compared to $62.05.
Volumes were thin and no major catalysts propelled the metal in either direction. The precious metal has remained in a consolidation phase as investors weigh mixed signals from the dollar and geopolitical developments. Analysts note that the lack of fresh economic data left silver without a clear impulse.
Traders will be watching upcoming U.S. economic releases for potential volatility, but for now the price appears anchored near the $62 handle.
Source: FXStreet Forex News