Silver (XAG/USD) has shown resilience during the Asian session on Friday, bouncing off the pivotal support level at the 100-hour Simple Moving Average (SMA) and attracting dip-buying interest in the mid-$64.00s. This movement effectively halted the modest retracement slide observed in the previous trading day, suggesting a potential reversal in the market sentiment.
As the price climbs toward $66.00, traders are closely monitoring the exchange rate for further indications of upward momentum. The interplay between silver's performance and broader market trends, including fluctuations in the USD, will be critical in determining the sustainability of this rally. Continued buying pressure could signal a bullish outlook for XAG/USD in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.