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Commodities

Silver Price Trades Below $67.00 Amid Mixed Technical Setup

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Silver
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The silver price is trading below $67.00 as investors await the US Non-Farm Payroll (NFP) data release.

A mixed technical setup and waning upside pressure suggest caution for bullish traders, despite a goodish rebound from $63.30.

The XAG/USD trades below its 200-day Simple Moving Average (SMA) at $72.84 and the mid-range Fibonacci retracement level of the May-July decline.

Immediate resistance emerges at $67.83, followed by a more significant barrier at $71.89 and the 200-day SMA at $72.84.

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