Silver Holds at $66.40 as Breakout Coil Consolidates

Silver (XAG) is maintaining a steady position around $66.40 per ounce after completing a breakout coil pattern. The metal’s recent move has seen it trade within a narrow range, with short‑term support near $65.80 and resistance close to $68.20. Market participants are watching the current consolidation closely, as a breakout above the upper boundary could signal a renewed upward trend, while a dip below the lower level might prompt a pullback. Analysts note that the price stability at $66.40 reflects a cautious stance among traders, who are awaiting clearer directional signals before committing to larger positions.