XAG/USD stabilizes after 5% loss
The XAG/USD pair is attempting to stabilize after recent losses, trading around $61.70 per troy ounce.
The technical analysis shows a prevailing bearish bias, with the spot price remaining within a descending channel pattern.
Immediate support lies at $60.74, while the primary barrier is at the nine-day EMA of $65.15.
Further advances above the channel could lead the XAG/USD pair to test the 50-day EMA at $72.21.