Silver Price Forecast: XAG/USD Snaps Losing Streak but Stays in Bearish Channel
Silver rebounds from a three-day losing streak on Thursday, supported by a weaker US Dollar and falling Treasury yields, but remains trapped in a bearish channel.
XAGUSD
Silver (XAG/USD) ended a three-day losing streak on Thursday, rising 3.38% to trade around $60.30. The recovery was driven by a mildly weaker US Dollar and a pullback in US Treasury yields.
Despite the bounce, the metal remains stuck in a bearish channel, suggesting that upside may be limited. The price action continues to face resistance within the descending structure.
Source: FXStreet Forex News