Silver prices pull back from upper resistance levels as geopolitical risks in the Middle East weigh on investor sentiment.
Silver (XAG/USD) pared earlier gains on Thursday, retreating from the upper Bollinger Band resistance as geopolitical tensions in the Middle East fueled market volatility. The metal had tested key technical levels but failed to sustain momentum amid broader risk-off sentiment.
Prior to the pullback, XAG/USD had climbed on safe-haven demand, though gains were limited by subdued trading volumes. Comparable periods saw similar reactions to geopolitical shocks, with silver often retracing after initial spikes.
No immediate market reaction data was provided, but the retreat suggests caution among traders ahead of further developments.