Silver Price Analysis: XAG/USD consolidates as a triple-bottom pattern emerges at hourly chart

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• Silver price (XAG/USD) experiences mild losses, lingering below the $21.00 mark amidst a cautious market.
• Technical analysis reveals a consolidation phase, with seven-month-low support at $20.91 and resistance around $21.50.
• Short-term triple-bottom pattern emerges, targeting $22.00, contingent on breaking through several resistance levels.

Silver price (XAG/USD) remains subdued late in the New York session, printing mild losses of 0.35%, below $21.00 per troy ounce after hitting a daily high of $21.29.