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Silver Price Forecast: XAG/USD edges lower below $48.50 on renewed US Dollar demand

Silver price (XAG/USD) trades in negative territory near $48.45 during the Asian trading hours on Tuesday. The white metal retreats from the 14-year high as the rebound in the US Dollar (USD) weighs on the USD-denominated commodity price. 
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US Dollar Index remains above 98.00 despite Fed rate cut bets, government shutdown

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the second successive session and trading around 98.20 during the Asian hours on Tuesday.
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