XAG/USD trades above $61.24 after failing to break $61.90 resistance, remaining near one-month peaks.
Silver prices retreated to $61.24 after encountering resistance at $61.90, capping gains below the $62.00 mark. The metal remains above its four-week high of $60.90, sustaining a steady uptrend.
Earlier in the session, XAG/USD tested the $61.90 level but failed to sustain momentum, pulling back slightly. The current price action reflects consolidation near one-month highs, with traders monitoring resistance levels.
No immediate market reaction was reported, though the metal’s stability above $60.90 suggests underlying strength.