Silver Price Forecast: XAG/USD retreats below $32.00 amid high US yields

Silver Price Forecast: XAG/USD retreats below $32.00 amid high US yields

Silver struggles at $31.00, declines over 1% to test the 100-day SMA amid rising US bond yields. Technical outlook sees potential consolidation between the 100-day and 200-day SMAs, with key support at $29.49. Resistance levels ahead at $31.00 and $31.64, with potential upward movement towards $32.00 if regained.

submitted by /u/Denchock
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