Silver (XAG/USD) Edges Up, Nears $58 as Dollar Eases
Silver has rebounded from seven-month lows below $56.00 to trade near $57.80 as the US Dollar takes a breather.
XAGUSD
Silver (XAG/USD) recovered from seven-month lows on Friday, climbing back above $56.00 to hit session highs near $57.80.
The move higher came as the US Dollar softened, providing support for the white metal. The pair is now approaching the $58.00 level, though resistance may cap further gains in the near term.
Traders will watch for further dollar weakness to sustain silver’s upward momentum.
Source: FXStreet Forex News