Silver Surges Past $60 to Hit Over One-Month High
Silver prices broke above $60 on Wednesday, flirting with $63 and reaching the highest level in over a month as hopes for a US deal boosted market optimism.
XAGUSD
XAG/USD rallied sharply during Wednesday’s session, briefly touching $63—its strongest level in more than a month. The move extended the metal’s breakout above the $60 handle.
Market sentiment turned positive after reports suggested a potential agreement involving the United States could be nearing. Investors interpreted the news as a sign of easing uncertainty, driving demand for silver.
Analysts flagged the breakout with “higher highs at sight,” pointing to the potential for continued upside if the deal materializes and risk appetite remains firm.
Source: FXStreet Forex News