Silver Price Rally: Testing the Bullish Flag at $36.60
Silver Price Rally Continues with Bullish Momentum
The silver market remains vibrant as prices hover above $36.00. Currently, XAG/USD is testing the upper end of a potential bullish flag formation at $36.60. Analysts believe this pattern indicates a strong possibility of upward movement, fueled by risk-off sentiment in the markets.
With increasing demand for safe-haven assets, silver could see substantial price action in the upcoming sessions. Traders are advised to remain vigilant as this could lead to fresh trading opportunities within the precious metals sector.