XAG/USD Seeks Support

Silver steadies as the greenback consolidates across the board. The price has been struggling to consolidate its latest gains after meeting strong selling interest in the supply zone around 21.00. The precious metal is at a crossroads as it falls back to the origin of the rally at 18.50. The bulls may find relief in a bounce above 19.60. That would bring back the fading optimism and pave the way for recovery to 20.50. A bearish breakout, however, would invalidate the rally and extend losses below the daily support at 18.00.

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