EL7.AI
Dashboard
Fed Analysis
ECB Analysis
BOE Analysis
BOJ Analysis
BLS Data
Gold
Oil Data
Advanced NewsEconomic Calendar
Back to News
CommoditiesBullish
7/10

Silver Surges Past $90 Mark, Eyes Psychological $100 Resistance

Published 1 day ago
1 min read

Key Facts

  • •Silver prices rallied over the past week to break above the $90 level.
  • •The market is currently targeting the psychological $100 level.

Silver prices exhibited strong bullish momentum over the past week, successfully breaking above the critical $90 resistance level. This significant technical milestone has shifted market attention toward the psychological barrier of $100. Commodity market participants are closely monitoring the current upward trend, which is driven by robust technical strength after clearing key resistance zones. Analysts suggest that maintaining price stability above the $90 mark opens the door for further gains and a potential test of new milestones in the near term. As the rally continues, XAG/USD remains a focal point for traders seeking exposure to the precious metals sector. This movement reflects growing confidence in the white metal's upward trajectory within the current market environment.

Social Buzz

18/100
6 x mentions
Enriched
Deep Analysis

Get AI-powered deep analysis for every story with a paid subscription

Upgrade for Analysis

freemium.freemium.cta.signup

freemium.freemium.cta.signup_button

Instruments

XAG/USDSLVSIL
Sources:fxempire.comfxstreet.comkitco.comeconomictimes.comtradingeconomics.comcbsnews.com