Silver Price Consolidates Near Key Resistance Level

The price of Silver (XAG) is currently trading at $65.95, slightly lower than its opening price and fluctuating within a narrow range.

According to analysts, easing global economic risks and reduced geopolitical stress have decreased demand for silver as a safe-haven asset, leading to a softening in the market.

Despite stable industrial usage supporting the silver market, the price remains highly responsive to macroeconomic and geopolitical developments.

The short-term outlook is bearish, with momentum indicators aligning with resistance at $65.71.