XAG/USD jumps 4.5% to five-day highs, breaking key resistance at $59.00 and targeting $60.00.
Silver prices climbed over 4.5% on Tuesday, reaching a five-day high and clearing the $59.00 mark. Buyers are pushing the metal toward a resistance trendline near $59.65, with $60.00 in sight.
The rally follows a period of consolidation, with prior resistance levels failing to hold. Analysts note the $50.75 range as a critical support zone, though current momentum suggests a potential breakout above $60.00.
Market focus remains on macroeconomic drivers, including USD strength and industrial demand trends.