Silver Price Retreats Over 1%, Threatens to Drop Below $60
Silver (XAG/USD) fell more than 1% on Monday, retreating from a high near $63.28 to trade at $61.80, as sellers target the $60 level.
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Silver prices lost ground on Monday, declining over 1% despite a weaker US dollar and lower Treasury yields. The white metal slipped to $61.80 after touching a session high of $63.28 earlier in the day.
Sellers are now eyeing the $60.00 mark, which if broken could accelerate losses. The pullback comes after a recent rally that pushed silver to multi-week highs.
Source: FXStreet Forex News