Silver Price Forecast: XAG/USD Rallies Toward $35, But Can Bulls Hold the Line?

From investingcube.com

Silver prices are rising fast this week, with XAG/USD pushing above $34.38 on Wednesday as bulls attempt to break into territory not seen since 2012. After weeks of sideways chop, the metal finally punched through resistance and is now testing the upper end of its multi-month range. At the time of writing, silver is trading just under $34.48, up over 2% this week. The rally follows a clean bounce from the $32.98 support zone, as traders pile into metals amid rising inflation risks and renewed safe-haven demand. The momentum is being driven by positioning ahead of key US economic data. If the data shows signs of a ... (full story)