Silver Price Forecast: XAG/USD Drops to Multi-Week Low Amid Bearish Sentiment
Silver prices (XAG/USD) continue to trend downward, marking the third straight day of declines. Currently, it has dropped to over a two-week low during Asian trading hours. Despite the selling pressure, the white metal exhibits resilience as it remains just below the $32.00 mark. According to recent technical indicators, the prevailing trend supports a continuation of a downtrend established over the past week. Investors in silver should closely observe their positions, as the market sentiment could shift significantly in the upcoming days. Awareness of these movements can help shape a more adaptive investment strategy. Keep an eye on further developments within the silver market for actionable insights.