Silver Price Forecast: XAG/USD reclaims $50 as Oil tumbles, bearish trend holds

Silver (XAG/USD) attempts a rebound on Monday after sliding to a fresh yearly low of $48.47 on Friday. The recovery comes as Oil prices tumble more than 5% following positive diplomatic signals from both the US and Iran. At the time of writing, XAG/USD trades around $51, up 3.80% on the day.