Silver (XAG/USD) faces renewed selling pressure as a rebound in the US Dollar and Treasury yields halts the metal's recent 5.18% rally, keeping the price structure under pressure with a series of lower highs.
Silver is struggling to extend gains on Thursday after a 5.18% surge the previous day, with a rebound in the US Dollar and Treasury yields draining momentum from the rally. The pattern of lower highs keeps the metal under pressure, so dips are more likely than a clean break higher in the near term. The strong 5.18% one-day jump argues against an outright collapse, making this a bias rather than a sharp call.
A rebound in the US Dollar and Treasury yields has taken momentum out of the rally, and the price action continues to make lower highs.
Silver (XAG/USD) surged 5.18% the previous day before struggling to extend those gains on Thursday.
Silver prices are struggling to maintain momentum on Thursday, retreating after a significant 5.18% surge in the previous session. The metal is currently facing headwinds from a strengthening US Dollar and rising Treasury yields, which are curbing demand for non-yielding assets.
A rebound in the US Dollar and Treasury yields has taken momentum out of the rally, and the price action continues to make lower highs.
Silver (XAG/USD) surged 5.18% the previous day before struggling to extend those gains on Thursday.