Silver Price Forecast: XAG/USD bulls look for $66.00 acceptance and 100-day EMA breakout
Silver builds on last week's bounce from mid-$63.00 as bulls seek a daily close above $66.00 and the 100-day EMA.
XAGUSD
Silver is extending Friday’s rebound after the XAG/USD pair bounced from the mid-$63.00 area. At the start of the new trading week, the metal is seeing follow-through buying interest.
The bullish case remains tied to clearing the $66.00 level. Market participants are also watching the 100-day exponential moving average, with a confirmed break above it seen as needed for further upside.
Traders are treating the current move as constructive but not yet confirmed while price remains below those resistance markers.
Source: FXStreet Forex News