Silver Stalls Below $60 as Bears Eye $55
Silver gained over 1.5% on Tuesday but remains under pressure below $60 as rising US yields and a firm dollar cap upside, with bears targeting $55.
XAGUSD
Silver (XAG/USD) traded at $58.73 on Tuesday after advancing more than 1.5% on the day, buoyed by ongoing concerns over a fragile US-Iran truce deal.
However, the upside remains capped as US Treasury yields continue to climb and the US Dollar stays firm. The metal is trapped below the key $60 resistance level, with bearish traders eyeing a potential drop toward $55.
Source: FXStreet Forex News