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BTCC / BTCC Square / Global Cryptocurrency /
Silver (XAG/USD) Shows Tentative Recovery Amid Key Resistance Test

Silver (XAG/USD) Shows Tentative Recovery Amid Key Resistance Test

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-06-09 21:04:03
0
BTCCSquare news:

Silver prices hover near $68.59 after rebounding from a critical Fibonacci support level at $66, marking a 0.786 retracement of its prior upward wave. The metal now faces immediate resistance at $70.78, with broader upside capped by the $75-$77 zone—a region that has repeatedly stifled rallies in recent months.

A hammer candlestick formation near the 200-day moving average suggests potential bullish reversal, though sustained momentum remains unconfirmed. Traders await a decisive close above $77 to validate the recovery, while failure risks a retest of $66 support or even a deeper pullback toward $60.70.

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