Silver Price Forecast: XAG/USD struggles at $26.00, retraces to $25.60s on US dollar strength

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Silver Price Forecast: XAG/USD struggles at $26.00, retraces to $25.60s on US dollar strength By christianborjon Silver XAGUSD Macroeconomics Sentiment Technical Analysis

Geopolitical concerns between Russia-Ukraine, weigh on market mood.

XAG/USD Technical Outlook: Upward biased though failure to record a daily close above $26.00 would keep silver in consolidation. reached a YTD high around $26.14 earlier in the day but so far retreated and sits around $25.60s, amid a risk-aversion trading environment, spurred by no advance in ceasefire or peace talks between Russia and Ukraine, as hostilities remain. At $25.

 

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