Silver Price Forecast: XAG/USD hovers near $58.50 amid market caution

Silver price (XAG/USD) inches lower after registering gains in the previous day, trading around $58.50 per troy ounce during the Asian hours on Wednesday.
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Canadian Dollar climbs to four-week top vs USD amid rising Oil prices; focus shifts to BoC

The USD/CAD pair remains under some selling pressure for the second straight day and drops to a four-week low, around the 1.4045-1.4040 region during the Asian session on Wednesday.
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