Silver Price Analysis: XAG/USD Faces Pressure Below $30.00
Silver (XAG/USD) continues to face significant pressure as it retreats from the psychological $30.00 level. After a modest pullback on Friday, the white metal saw a decline into the mid-$29.00s during early Asian trading. This movement signifies a critical behavior change as the commodity fights to rebound from a multi-month low established in December. As XAG/USD remains beholden to market sentiments and external factors, traders should remain alert for further developments. Tools and indicators can help forecast potential price movements, aiding in establishing proactive trading positions.