Silver Price Stabilizes Above Support Levels Amid US Fiscal Uncertainty

The price of Silver (XAG) has stabilized after dipping below $66.31 support levels, currently trading at $69.16.

Despite a minor decline in the latest session, the price remains above its key moving averages, indicating recent support.

A combination of uncertainty over US debt management and fiscal sustainability is driving investors towards Silver as a defensive asset allocation.

The market remains attentive to policy developments that could impact Silver pricing dynamics, with ongoing concerns over US debt management shaping investor sentiment.

Technically, XAG has short- and medium-term bullish momentum, projected to move between $65.83 and $72.49 over the next 2 to 3 days, with a 76% probability of an upward move.