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fxJun 25, 2026, 8:31 AM

Silver Holds Losses Near $57.50 as Bearish Bias Persists

XAG/USD trades lower for the third consecutive day around $57.40, maintaining a bearish bias as the price moves within a descending channel pattern.

XAGUSD

Silver (XAG/USD) remains under pressure during European hours on Thursday, extending its losing streak to three sessions. The spot price is hovering near $57.40 per troy ounce, consolidating just below the $57.50 level.

Technical analysis on the daily chart reveals that the pair is moving within a descending channel pattern, which signals that the bearish momentum is still intact. The prevailing bias suggests further downside potential unless the price breaks above the channel's upper boundary.

Source: FXStreet Forex News