Silver Surges to One-Month High, Targets $62.00 on Breakout
XAG/USD extends its rally for a second day, reaching the highest level since July 7 and setting sights on the $62.00 mark following a technical breakout.
XAGUSD
Silver prices rallied sharply on Wednesday, with XAG/USD climbing to a fresh one-month peak. The metal attracted follow-through buying for a second straight day, briefly touching the $62.00 neighborhood—its strongest level since July 7—during the early European session.
The move higher was underpinned by a technical breakout, which triggered fresh bullish momentum and accelerated the uptrend. Traders will now watch whether the white metal can sustain the gains and target further upside above the $62.00 handle.
Source: FXStreet Forex News