Commodities
Silver Price Trades Near $65.69 Amidst Weaker Dollar
The price of Silver (XAG) is currently trading at $65.69, with a slight decline within today's session.
Despite this dip, XAG remains above its key moving averages on the H4 timeframe and is experiencing low-volatility range-bound price action.
A weaker US Dollar has supported demand for non-yielding assets like Silver, driven by softer US economic data and changing Federal Reserve policy expectations.
The near-term bullish momentum in XAG is forecast to range between $64.24 and $67.14, with a 78% probability of an upward move.