Silver prices hover near $60.50 with limited upside momentum, as the metal struggles to break past the $61.00 resistance level despite minor intraday gains.
Silver price remains capped below $61.00 with bulls hesitant, indicating limited upside momentum.
Silver (XAG/USD) trades at $60.50, posting a modest 0.30% gain during Tuesday's early European session. Despite attracting dip-buyers near the mid-$59.00 level, the metal lacks sustained bullish conviction as prices remain capped below the $61.00 resistance threshold.
Silver is showing a bearish to neutral short-term trend, as it struggles to maintain momentum above $60.50 and faces significant resistance at $61.00.