Commodities
Silver Price Stuck Below $70.00, Traders Await US PCE Data
Silver prices continue to see-saw between minor gains and losses as traders await the release of the US Personal Consumption Expenditures (PCE) Price Index.
The white metal is struggling to break above the $70.00 psychological mark, with repeated failures to do so warranting caution for bulls.
Despite this, the technical setup suggests that dip-buyers may emerge ahead of the $66.50 level, which could provide support for Silver prices.