Silver price forecast: bulls face $78 test as rebound loses momentum

Silver’s two-day advance lost momentum on Friday, with the metal slipping in the Asian session and remaining below key resistance levels on the four-hour chart. The pullback has kept price action capped beneath the 23.6% Fibonacci retracement of the latest decline from the monthly high. That level sits near $76.00 and is now acting as the first major barrier for buyers attempting to regain control. The failure to build on the recent rebound suggests sellers remain active on rallies. For now, the