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Silver (XAG) Forecast: Will NFP Push Silver Toward $44 or Trigger a Pullback?
Silver ended the week at $39.69, gaining $0.83 or +2.13%, and confirmed a breakout above the long-standing resistance at $39.53. This marks the highest weekly close in over a decade and caps an 8.11% rally for August. The breakout ends a multi-week consolidation and shifts the weekly trend firmly in favor of the bulls. The weekly close above $39.53 clears a key barrier that had capped prices since July. With bullish momentum intact and no significant resistance on the chart until the $44.22 area, silver has a clear technical path higher—assuming overall conditions stay supportive.
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