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Commodities

Silver Price Nears Breakout Point at $67.00

Guavy AI Editorial Team
Instruments
Silver
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The XAG/USD price is approaching $67.00 as bulls await a breakout through the trading range.

According to technical analysis, the 100-period Simple Moving Average (SMA) on the 4-hour chart is currently pegged just ahead of the $67.00 mark.

The Relative Strength Index (RSI) has recovered toward the mid-50s, hinting at stabilizing momentum.

If the price breaks above the $67.00 mark, it could extend further towards retesting the monthly swing high around $68.00.

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