Silver retreats toward $65.00 as Oil rebound revives inflation concerns
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecasts: XAG/USD corrects lower from $67.00 resistance area
Precious metals have exploded higher over the past week, with gold and silver delivering moves rarely seen over comparable pe.
Silver Price Forecast: XAG/USD slips to near $66.00 on Fed hike fears, oil surge
Silver recently broke the resistance zone between the resistance level 62.60 (top of the previous wave 2 from July) and the 50% Fibonacci correction of the downward impulse from June.
Silver's bullish reversal is gaining strength after resistance turned support, putting near-term targets in focus while opening a potential path toward the $71–$72 resistance zone.
Silver Price Forecast: XAG/USD eyes $69 as rally extends
The silver market is slightly positive on Monday in early trading, as we are looking to possibly continue the bullish momentum. A bit of hesitation has been seen though.
CPI will determine whether silver clears its 52-week moving average and targets $74.63 or loses momentum and retests $60.83.
Silver tests $65: Why are buyers struggling to extend the rally?
Silver price today: Silver rises, according to FXStreet data