Silver (XAG/USD) is edging lower on Thursday, trading around $37.57 after logging a modest gain of nearly 0.56% on Wednesday. The metal remains elevated after marking a 14-year high of $39.13 earlier this week, but momentum has cooled as the price consolidates just below that peak.
A stronger-than-expected US Retail Sales report for June, which showed a 0.6% monthly rise versus the 0.1% forecast, boosted the US Dollar and Treasury yields, putting mild pressure on Silver. Traders are now watching to see whether the uptrend can resume or if a deeper pullback is on the
Source: Fxstreet
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