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Silver Price Forecast: XAG/USD shines near $37.00 as breakout fuels bulls
Silver price trades above two-week highs on Thursday, near the $37.00 figure, up by 0.86% at the time of writing. Upbeat economic data in the United States (US) boosted the Greenback, mostly against Gold. The grey metal capitalized on the current market structure, as a double-bottom formation looms. As previously mentioned, Silver crossed above the June 26 high of $36.83, which sponsored a leg-up towards $37.00. However, a daily close above the former is needed for traders to clear the path to challenge the year-to-date (YTD) high of $37.31. The next key resistance would be $37.49 the February 29, 2012, ahead of ... (full story)
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- Jul 3, 2025 4:45pm Posted byTechnical Analysis158
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