Silver (XAG/USD) is facing selling pressure as it trades below the critical $50.00 mark, struggling to maintain momentum following a slight recovery on Friday. After dipping to a nearly two-week low around $48.65-$48.60, the currency pair has failed to attract significant buying interest, indicating potential weakness in the market.
As the new week begins, fresh sellers have emerged, further complicating the outlook for silver. The inability to sustain gains above key support levels suggests that traders may be anticipating a deeper decline, which could impact overall trading sentiment in the precious metals market. Investors will be closely monitoring price action in the coming sessions for signals of a potential reversal or continued bearish sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 05:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.