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Commodities

Silver Price Fades as Rejection Looms Near $70.00

Guavy AI Editorial Team
Instruments
Silver
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The XAG/USD silver price maintains its bullish bias due to last week's breakout above $66.55-$66.60 resistance.

However, upside momentum is waning as indicated by the Relative Strength Index (RSI) easing back toward the neutral 50 area and the Moving Average Convergence Divergence (MACD) slipping into negative territory.

The silver price faces rejection near $70.00 and bulls might await sustained strength before positioning for further gains.

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