Silver Price Forecast: XAG pullback tests 100-day SMA

Silver (XAG/USD) price reverses course on Monday, down 0.59% as buyers failed to push the white metal past $70.00, which exacerbated a reversal to the first support level at the 100-day Simple Moving Average (SMA) at $68.42. At the time of writing, XAG/USD trades at $68.52, after peaking at $69.92.