Silver (XAG\/USD) is experiencing a moment of quiet consolidation, with its recent upward momentum appearing to stall. According to a forecast from Mitrade, the precious metal’s rally has paused, and sellers are now setting their sights on the key psychological level of $60.00 per troy ounce. This comes as market participants digest a period of relative calm in price action.<\/p>
Currently, the live Silver price<\/a> stands at $61.6 USD per troy ounce. Over the last 24 hours, Silver has seen a negligible change, remaining flat at 0% and marking a $0 shift. This lack of movement directly reflects the ‘stalled rally’ highlighted in the forecast, suggesting that bullish momentum has indeed found a strong resistance point around current levels.<\/p> The potential for a move towards $60.00 indicates that bears are gaining confidence, perhaps looking to capitalize on any signs of weakness or profit-taking after previous gains. The $60.00 mark would represent a significant support level, and its breach could signal a deeper correction. Conversely, if Silver manages to hold above this level, it could suggest underlying strength that might fuel another attempt at an upward breakout.<\/p> Investors are closely monitoring global economic indicators and central bank policies, as these often have a profound impact on safe-haven assets like Silver. While industrial demand for Silver remains a supportive factor, its role as a hedge against inflation and economic uncertainty continues to be a primary driver for many precious metal enthusiasts. The coming days will be crucial in determining whether Silver can rekindle its rally or if the bearish target of $60.00 will come into play. \nRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":" Silver (XAG\/USD) is experiencing a moment of quiet consolidation, with its recent upward momentum appearing to stall. According to a forecast from Mitrade, the precious metal’s rally has paused, and sellers are now setting their sights on the key psychological level of $60.00 per troy ounce. This comes as market participants digest a period of […]<\/p>\n","protected":false},"author":1,"featured_media":11061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[898],"tags":[899],"class_list":["post-11059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silver","tag-silver"],"_links":{"self":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/11059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/comments?post=11059"}],"version-history":[{"count":1,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/11059\/revisions"}],"predecessor-version":[{"id":11060,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/11059\/revisions\/11060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/media\/11061"}],"wp:attachment":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/media?parent=11059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/categories?post=11059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/tags?post=11059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}