Silver Tests $65 but Struggles to Extend Rally on Fed Uncertainty
Silver prices test the $65 level after last week's breakout but face resistance as traders weigh Federal Reserve rate risks and dual mandate concerns.
XAGUSD
Silver (XAG/USD) is trading near $65 following a sharp rally last week. The metal has struggled to build on those gains during Monday's session.
Investor focus has shifted to the Federal Reserve's interest rate outlook, with risks emerging on both sides of its dual mandate—price stability and maximum employment. The uncertainty is capping further upside, leaving buyers unable to extend the breakout.
The rejection from the $65 area suggests that near-term momentum may be fading.
Source: FXStreet Forex News