XAG/USD rebounds during European trading but lacks fundamental support, keeping the outlook uncertain.
Silver prices climbed to $73.50 in European trading on Thursday after dropping to a four-week low of $71.79 earlier in the session. The rebound appears technical and short-lived, with no clear fundamental drivers supporting the move.
The metal had faced downward pressure in recent sessions, reflecting broader market uncertainty. Prior to the drop, silver traded near $75.00, with volatility driven by macroeconomic concerns and shifting investor sentiment.
Markets remain cautious as the recovery lacks conviction, leaving the near-term outlook for XAG/USD unclear.