Silver, trading as XAG/USD, reaches a critical point near the $34.00 mark during the Asian session on Wednesday. The market shows strong bullish momentum as silver prices consolidate in this range, appealing to traders and investors.

This price level marks its highest since late October, showcasing the metal’s resilient nature against market pressures. Analysts suggest that bulls maintain control, hinting at the potential for significant upward movement in the coming days.

As trading continues, the outlook for silver appears promising. Investors are closely monitoring key levels to determine future market movements. This momentum could lead to further gains if market conditions remain favorable.