Silver Price Forecast: XAGUSD Approaches 36.00 Support in Ascending Channel

Silver price (XAGUSD) is retracting its recent gains and is currently trading around 36.30 per troy ounce during the Asian hours on Friday. An examination of the daily chart reveals a bullish bias as the precious metal remains within an ascending channel pattern.

As the market continues to react, observing key support levels like 36.00 will be essential for traders. The potential for price fluctuations exists and requires a vigilant approach.