Weak China Demand Pressures Silver Outlook, Firm Dollar Impacts Price
The outlook for silver (XAG) is becoming increasingly dim due to weak demand from China combined with a strengthening dollar. Current projections suggest that key support will be at the $31.81 to $31.94 range, as silver struggles to recover from recent lows. Market participants will need to keep an eye on international demand factors and the implications of currency shifts that could affect silver prices moving forward.