Silver Price Forecast: XAG/USD Holds Near $62 After Strong Two-Day Rally

Silver Price Forecast

Silver Price Forecast: Silver (XAG/USD) trades at $62, showing a corrective reaction, as the last two days’ rally was looking overextended. The 4-hour Relative Strength Index (14) is pulling back from overbought levels but remains in bullish territory, and the Moving Average Convergence Divergence (MACD) indicator is above zero, all in all showing that buyers retain control.

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