Silver Price Stuck Below Key Moving Average Ahead of US Jobs Report
The price of Silver (XAG/USD) has been consolidating below its 100-day Simple Moving Average (SMA), hovering around $66.80 as traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report.
Momentum indicators suggest limited bullish strength, with the Relative Strength Index (RSI) near 55 and the Average Directional Index (ADX) around 17.
The Moving Average Convergence Divergence (MACD) shows fading red histogram bars, indicating easing bearish momentum but no clear breakout.