Silver (XAG/USD) struggles to capitalize on the previous day's goodish rebound from the $26.45 area, or the lowest level since early May and seesaws between tepid gains/minor losses through the early European session on Friday.
Silver struggles to capitalize on a modest intraday uptick to the 23.6% Fibo. level. The technical setup favours bears and supports prospects for additional losses. Any meaningful rise could face difficulty in moving back above the 100-day SMA. Silver struggles to capitalize on the previous day's goodish rebound from the $26.45 area, or the lowest level since early May and seesaws between tepid gains/minor losses through the early European session on Friday.
Silver daily chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods.
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