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fxJun 26, 2026, 12:26 PM

Silver RSI Stays Oversold as XAG/USD Struggles Below $60

Silver steadies on Friday as the US Dollar and Treasury yields retreat after the latest PCE data showed underlying inflation remained relatively subdued, but the RSI remains in oversold territory with XAG/USD below $60.

XAGUSD

Silver (XAG/USD) is steadying on Friday as the US Dollar and Treasury yields pull back following the release of the latest US Personal Consumption Expenditures (PCE) inflation data, which indicated that underlying inflation remained relatively contained.

The technical picture shows the Relative Strength Index (RSI) still in oversold territory, while the price struggles to reclaim the $60 level. This suggests bearish pressure may be easing, though a decisive breakout above $60 is needed to confirm a reversal.

Traders are watching for further dollar weakness and any shifts in Fed rate expectations as key drivers for silver's next move.

Source: FXStreet Forex News