Silver Price Forecast: XAG/USD faces roadblock near $53.50 as US Dollar regains ground

Silver price (XAG/USD) gives back some of its early gains after rallying to near $53.50 on Thursday. In the European trade, the white metal is up 0.6% to near $52.50. The rally in the Silver price hits a roadblock as the US Dollar (USD) claws back some of its losses.