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Commodities

Silver Price Holds Gains Near Mid-$66.00s Amid Bullish Bias

Guavy AI Editorial Team
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Silver
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The silver price is holding its gains near the mid-$66.00s level, with the XAG/USD pair maintaining a mildly bullish bias.

This area represents the 23.6% Fibonacci retracement level of the July-August rally and acts as a key pivotal point.

The white metal is currently trading just above its 100-day simple moving average (SMA) at $66.32, with a layered demand zone underpinning the recent advance below.

The Relative Strength Index (RSI) around 54 reinforces a balanced and constructive tone, indicating that the metal is neither overbought nor oversold while consolidating above its key trend marker.

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