Silver Price Slumps Amidst US Treasury Debt Buyback Surge
The price of Silver (XAG) has fallen by 1.49% to $67.94, and technical indicators show persistent downward pressure.
US Treasury debt buybacks are set to increase from September 9 to November 4, potentially influencing market liquidity and US bond yields, which in turn could affect Silver demand dynamics.
The current price of XAG is below its key moving averages, with a predicted range of $66.27 to $69.61 for the next 2-3 trading days.