Silver Price Forecast: XAG/USD tests $36.00 support after retreating from nine-day EMA

  • Silver price (XAG/USD) retraces its recent gains registered in the previous session, trading around $36.00 per troy ounce during the early European hours on Tuesday. The technical analysis of the daily chart shows the price of the precious metal remains within an ascending channel pattern, which suggests a prevailing bullish bias.