Silver prices show a weak rebound near recent lows, with the metal trading at $57.21 as bearish sentiment continues to dominate the short-term outlook.
Silver is currently experiencing a marginal recovery of 0.38% to trade at $57.21, but the proximity to the recent low of $55.38 suggests that the downward momentum remains dominant. The inability to sustain a significant rally indicates that the asset is likely positioned for a bearish continuation in the immediate term.
Silver is trading at $57.21.
The key support level is last week's low of $55.38.
Silver (XAG/USD) trades at $57.21, marking a marginal 0.38% gain during Monday's North American session. Despite the slight uptick, the metal remains anchored near last week's $55.38 low, signaling potential for further downward pressure in the near term.
Silver is exhibiting a bearish trend in the short term, as it remains trapped near its recent low of $55.38 despite a minor intraday gain.