Silver Slips Below $32.00; Buyers May Emerge Soon
Silver (XAG/USD) has faced selling pressure at the start of the week, dropping below the key $32.00 mark during Monday’s Asian session. After achieving over a one-week high on Friday, this decline breaks a three-day winning streak. Despite this retreat, technical indicators suggest that buyers may step in at lower price levels, offering potential for recovery. Traders should watch for signals of dip-buying as they analyze ongoing market trends and sentiment. This could be an opportunity for astute investors looking to capitalize on silver’s volatility.