Silver Price Forecast: XAG/USD fails to catch $29 as USD Index rebounds, US Retail Sales eyed – by Sagar_Dua24 Silver XAGUSD Fed DollarIndex Inflation Silver
ntum in the white metal is losing strength as the US Dollar Index has attempted a recovery, however, the upside bias is still intact.
The US Dollar Index has rebounded after a straight six-day decline to near 99.50. Price pressures in the United States economy have dropped as gasoline prices have softened sharply and individuals have surrendered spending on big-ticket items to cater to necessities. Households’ real income has slimmed due to higher inflationary pressures.
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