Silver extends gains for a second session, reaching its highest level since early July amid technical momentum.
Silver prices surged to a one-month high, with XAG/USD trading near $62.00 during early European trading. The rally marks a second consecutive day of strong follow-through buying, building on modest gains from the previous session.
The metal last traded at these levels on July 7, following a period of consolidation. Analysts attribute the move to a technical breakout, though no specific catalysts were cited in the session.
Market reaction remained focused on the upward momentum, with traders eyeing $62.00 as the next resistance level.