Silver Pauses Recovery Around $65 After Brief Spike Above $66
Silver prices stabilized near $65 during Wednesday's American session, pausing their recovery after briefly breaking above $66 for the first time in nearly two weeks.
XAGUSD
Silver (XAG/USD) stayed around the $65 level in Wednesday's American session, showing little momentum after an intraday rally fizzled. The metal earlier breached $66, its highest mark in nearly two weeks, but failed to sustain those gains.
The pullback left prices consolidating just below the psychological $65 handle. Traders now watch whether silver can resume its uptrend or will face further consolidation.
The move comes amid a broader pause in precious metals, with silver's safe-haven appeal underpinning demand but lacking a strong catalyst.
Source: FXStreet Forex News