Silver prices (XAG/USD) experienced a period of consolidation on Thursday, trading near the $83.70 level with marginal losses. This sideways movement comes as the US Dollar finds stability, causing the precious metal to flatline around the $84.00 mark. Despite the recent pause, the immediate bullish trend for silver remains intact according to technical indicators. Market participants are closely watching the weekly high of $86.30, which remains within striking distance if momentum resumes. The current price action reflects a temporary cooling-off period following recent volatility in the commodities market. Traders are now balancing the steadying greenback against long-term technical support levels to determine the metal's next move.
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