Silver Prices Slip Below $67 Amid Mixed Technical Indicators
Silver prices are trending downward as the XAG/USD trades below $67.00 amid mixed technical momentum indicators.
The white metal snapped a two-day winning streak to reach the weekly high set the previous day, but it currently lacks bearish conviction.
Traders await the release of the closely watched US Nonfarm Payrolls (NFP) report, which could impact the price of silver and the US Dollar (USD).
The technical setup suggests some caution for bullish traders, with the Relative Strength Index hovering in the mid-50s and the Moving Average Convergence Divergence (MACD) slipping into negative territory.