XAG/USD rises to $63.90, its highest level in six weeks, as bulls challenge resistance near $63.30.
Silver prices climbed to $63.90, marking a six-week high, as XAG/USD bulls resumed momentum after a brief pause. The metal is testing resistance at the $63.30 level, a key technical barrier for further gains.
Earlier in the week, silver had stalled near $63.30, but Friday’s rally suggests renewed buying interest. The move follows a broader trend of strength in precious metals amid shifting market sentiment.
No immediate market reaction data was provided, but the breakout could signal further upside if resistance is confirmed.