Bearish
Silver (XAG/USD) remains under pressure, trading below $75.90 amid bearish signals.
Over the past 24 hours, silver has continued its downward trend, trading below the key $75.90 resistance level. Technical indicators suggest a bearish outlook, with potential declines toward $69.64 and $67.70 if the current trend persists.
Key points
- Bearish trend intact: Silver remains below the 20-day moving average, indicating sustained downward momentum.
- Technical resistance: The $75.90 level continues to act as a significant barrier, preventing upward movement.
- Potential downside targets: If bearish momentum continues, silver could approach support levels at $69.64 and $67.70.
Sources
AI-generated from public news sources. Not financial advice.
