Silver Price Forecast: XAG/USD rallies to $38.40 favoured by a softer US DollarĀ 

  • Silver (XAG/USD) is rallying for the third consecutive day on Friday, with bulls testing July 15 highs of 38.40 at the time of writing, as the US Dollar falls alongside US Treasury yields amid higher risk appetite. Corporate earnings reports from Netflix, the Chipmaker TSMC, PepsiCo, and United Airlines, among others, beat market expectations on Thursday, boosting demand for equities and risk-sensitive assets to the detriment of safe havens like the US Dollar.