Silver Price Forecast: XAG/USD consolidates below $79.00, around 50% Fibo. level

Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session on Friday, up 0.50% for the day. Silver trades with a mild positive bias during the Asian session, though it lacks follow-through.The broader technical setup favors bulls and backs the case for… Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session on Friday, up 0.50% for the day. Silver trades with a mild positive bias during the Asian session, though it lacks follow-through.The broader technical setup favors bulls and backs the case for a further appreciating move.Any further corrective slide is likely to find decent support near the 200-period EMA on the H4.Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.