XAG/USD climbs to $75.85 as a bullish harami pattern signals potential short-term gains toward $80.
Silver prices advanced during the North American session, trading at $75.85, up more than 0.5% as a bullish harami candle pattern formed on charts. The pattern suggests further upside momentum in the near term, with traders eyeing a breakout toward $80.
The move follows recent consolidation in the XAG/USD pair, with technical indicators pointing to a potential shift in sentiment. Prior sessions saw silver struggle to maintain gains above $75, but the latest pattern may attract buyers looking for a short-term rally.
Market reaction remains cautious, with traders awaiting confirmation of the breakout before committing to larger positions.