Silver Price Forecast: XAG/USD Tests Key Resistance Zone
Silver (XAG/USD) is gaining traction for the second consecutive day, recently breaking the $38.00 mark during the Asian trading session. This movement pushes the price around the $38.20 region, marking an increase of over 0.70% for the day. This bullish behavior is notable as it flirts with trend-line resistance drawn from a multi-year peak reached back in July. Traders should remain attentive to these developments, as they could indicate an opportunity for further upward momentum. As markets evolve, understanding the implications of these price movements becomes essential for traders invested in silver.