Silver Price Forecast: Stuck Below $33.00 Amid Improved Risk Appetite

Despite rising hopes for economic recovery and the subsequent increase in risk appetite, silver prices remain anchored below the $33.00 psychological level. This resistance level continues to elude XAG/USD investors, resulting in sustained losses. In line with the strengthening stock market and increased stability, a flight to safety assets such as silver has diminished. This improved risk appetite has concurrently led to regressive pressures on silver prices. Notwithstanding these challenging circumstances, silver’s long-term outlook is not necessarily bleak. Historical patterns and upcoming macro-economic conditions suggest potential fluctuations that could potentially pivot the momentum in favor of silver bulls. Read More