Silver Pulls Back Despite Weaker Dollar
Silver is currently trying to settle back below the support at $25.00 while the U.S. dollar is losing ground against a broad basket of currencies.
The U.S. Dollar Index has recently managed to get below the support level at 92.80 and gained downside momentum. Currently, the U.S. Dollar Index is trying to settle below 92.60. In case this attempt is successful, it will move towards the support at 92.40 which will be bullish for silver and gold price today.