XAG price falls to new low, down over 6.50% for the week
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%.
The XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low.
Bears are eyeing a $54 breakdown, as the price continues to decline.