Silver Price Forecast: Bears target $55 as RSI nears oversold

Silver (XAG/USD) price is poised to finish the week with losses after the white metal fell below the $60.00 key support, exacerbating the sell-off that pushed XAG/USD towards a weekly low of $55.38. At the time of writing, Silver exchanges hands near $57.00, down 0.83%.

Silver Price Forecast: Bears target $55 as RSI nears oversold
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Silver (XAG/USD) price is poised to finish the week with losses after the white metal fell below the $60.00 key support, exacerbating the sell-off that pushed XAG/USD towards a weekly low of $55.38.

At the time of writing, Silver exchanges hands near $57.00, down 0.83%.

From news to trade

The engine analyzes the instrument now on three timeframes and eleven conditions, and frankly tells you when conditions are not met.

Omar Al-Haddad
Omar Al-Haddad — expert gold analyst — ACIX

Quoted from FXStreet — Source. Summary and image from the publisher; market dashboard and recommendations from ACIX.

AI-generated forecast based on statistics, technical analysis, and news — not a direct investment recommendation, and the decision is yours.