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Silver Price Forecast: Can XAG/USD Break $67 and Reach Citi’s $70 Target?
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Coinpaper
With U.S. inflation data due Wednesday and Citi’s $70 near-term silver forecast still in play, traders are watching whether silver can clear resistance near $67 or lose support around $63.
Silver Price Today: XAG/USD Pulls Back Ahead of U.S. CPISpot silver fell 1.7% to $64.64 an ounce on Tuesday, Aug. 11, after climbing 2.3% to $65.03 on Monday.
Silver Technical Analysis: $63 Support Keeps $67 in PlayThe four-hour XAG/USD chart shows silver recovering strongly from the July decline and moving back above the $63 area.
Silver XAG/USD 4-Hour Chart.
For now, the silver price prediction remains cautiously bullish while XAG/USD holds above $63.