Silver Price Stuck Below $65.00 Amid Ongoing Bearish Pressure

The Silver price forecast remains bearish as it struggles to break above the $65.00 mark.

According to analysis, if XAG/USD rises past $65.00, it could open the door for a recovery to the 100-day Simple Moving Average (SMA) of $66.94.

On further strength, the $67.00 could be cleared, and bulls could test the $70.00 figure up next. Above waits the 200-day SMA at $73.05.

However, on the flip side, Silver's first support is the $64.00 mark. If bearish momentum builds, sellers can test the 50-day SMA at $62.55 before targeting the July 22 high-turned-support at $61.01.