- Silver retreats 1.90%, falling below $38.00 after broad US Dollar strength pressured metals.
- RSI remains in bullish territory, suggesting buyers still hold medium-term technical control.
- Break above $38.50 could open door to $39.00 retest, while drop under $37.50 risks deeper correction.
Silver price plunges over 1.90% on Monday as traders awaited a resolution from the White House regarding Gold tariffs. Although US President Donald Trump posted on Truth Social that Bullion would not be tariffed on August 11, broad US Dollar strength weighed on the grey’s metal. XAG/USD trades at $37.60, virtually unchanged as the Asian session begins.
XAG/USD Price Forecast: Technical outlook
After posting a rally for five days, Silver faced its first red candle on Monday, which dragged the spot price below $38.00. Despite the pullback, the Relative Strength Index (RSI) shows that…
