Silver Price Forecast: XAG/USD battles at $22.00 but fails and retraces towards $21.90s

📆 5/26/2022 1:35 PM

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📆 5/26/2022 1:35 PM
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Silver Price Forecast: XAG/USD battles at $22.00 but fails and retraces towards $21.90s By christianborjon Silver Commodities Metals

An upbeat sentiment and elevated US Treasury yields a headwind for XAG/USD. retraces for the second straight day on rising US Treasury yields led by the 10-year benchmark note, which was parked around 2.750% for the last two days, but shows signs of life advancing two-basis points, a headwind for precious metals. At $21.94, XAG/USD retraces from weekly highs at around $22.00 and remains range-bound, with just one day left in the week.

are recording solid gains, reflecting an increase for riskier assets, another factor influencing the fall of precious metals., which measures the greenback’s value vs. a basket of six currencies, loses 0.22% and sits at 101.843.

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