Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand

Silver Price Forms Risky Pattern Despite SLV ETF Inflows and Falling Bond Yields

Silver price held steady at $57 on Monday, helped by the strong Chinese macro data, the falling US bond yields, and ETF inflows. XAG has risen by 4.3% from its lowest level this month. Still, technicals suggest that silver has more downside to go in the near term as it has formed an inverted cup-and-handle pattern. Silver Price Jumps as Key Catalysts Align Silver, the second-most popular precious metal, rose after China published encouraging mac…

Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand

Stock selloff and falling bond yields boosted non-yielding Silver as investors sought safer assets.Escalating Middle East conflict and shipping disruptions in the Strait of Hormuz drove Silver's safe-haven appeal.CME FedWatch Tool indicates that markets price in a 92% chance of a December Fed rate hike.Silver price (XAG/USD) extends its gains for the second [...]