Silver Steadies Near $63 as Inflation Risks Limit Rebound
Silver (XAG/USD) is trading near $63.45, up 0.16% on Wednesday, after falling to an intraday low of $62.19.
XAGUSD
Silver is attempting to stabilise around $63.45 in Wednesday trading, up 0.16% on the day. The metal earlier dropped to an intraday low of $62.19, extending the pullback from Tuesday’s rejection near $66.50.
The rebound is modest so far, with inflationary risks still keeping buyers cautious. Traders are watching whether XAG/USD can hold around the $63 area or if selling pressure returns.
Source: FXStreet Forex News