Silver Price Forecast: Limited Downside Despite Dip Below $32.00 – FXStreet

In a surprising turn of events, the XAG/USD pair has slipped below the psychological level of $32.00. The recent dip in silver prices, however, appears to be a minor setback, as experts forecast limited downside potential in the near term. This dip is primarily attributed to the strengthening of the U.S. dollar and fluctuating global economic conditions. Despite this, Silver’s fundamental outlook appears far from being bearish, lending credence to the assumption that the downside may remain restricted. Investors should keep a watchful eye on economic indices and market sentiment for the next move in silver prices. Read More