Silver Surges Over 4.5%, Eyes Resistance Break Near $60
Silver price (XAG/USD) jumped more than 4.50% on Tuesday, reaching a five-day high above $59.00 and testing a downward-sloping resistance trendline around the $59.65–$60.75 range, with bulls targeting a move above $60.00.
XAGUSD
Silver (XAG/USD) rallied sharply on Tuesday, gaining over 4.50% to hit its highest level in five days. The white metal cleared the $59.00 mark and is now testing a descending resistance trendline.
The resistance zone is located near the $59.65–$60.75 range. A decisive break above this trendline could pave the way toward the psychologically important $60.00 level.
Bulls have regained momentum after the recent pullback, pushing XAG closer to the upper boundary of its near-term trading range.
Source: FXStreet Forex News