Silver Price Recovery Hits 20-Day EMA Roadblock
Silver (XAG/USD) gives back early gains but remains 0.8% higher near $59.25 during European trading.
XAGUSD
Silver is trading modestly higher on the day, though the recovery has encountered resistance at the 20-day Exponential Moving Average (EMA). The metal is up 0.8% near $59.25 during European hours, after giving back some earlier gains. Traders are watching whether the EMA level will cap further upside or if a breakout is possible.
Source: FXStreet Forex News