XAG/USD falls for a second day, breaching $63.00 after retreating from recent highs near $66.50.
Silver prices extended losses on Wednesday, with XAG/USD trading below $63.00 for the second consecutive session. The decline follows a pullback from the $66.50 level, signaling mounting bearish pressure in the market.
Earlier this week, silver had tested multi-week highs near $66.50 before reversing course. The current downturn marks a shift in sentiment as traders reassess positioning amid broader market conditions.
No immediate market reaction data was provided, but the move reflects growing caution among investors in the precious metals space.