Silver Price Forecast: XAG breaks channel support, bears eye $73.00

Silver (XAG/USD) price drops nearly 2.80% on Wednesday as it breaks the 50-day Simple Moving Average (SMA) at $75.77, which opened the door to clear the $75.00 mark. At the time of writing, XAG/USD trades at $74.74, after reaching a daily low of $73.44.