Silver Price Forecast: XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day

  • Silver (XAG/USD) extends the previous day's retracement slide from the $33.20-$33.25 resistance zone and attracts some follow-through selling during the Asian session on Wednesday. The white metal drops to a fresh daily low, around the $31.60 area in the last hour, though the mixed technical setup warrants caution before positioning for deeper losses.