Silver Price Forecast: XAG/USD tests $36.50 near nine-day EMA support

  • Silver price (XAG/USD) edges lower after halting a three-day winning streak, trading around $36.50 per troy ounce, down by more than 1%, during the European hours on Monday. The technical analysis of the daily chart suggests the price of the precious metal remains within an ascending channel pattern, indicating a bullish bias is prevailing.