Silver Breakout: XAG/USD Charges Above $33.15, Momentum Building Strong

Silver prices surged past the $33.15–$33.20 zone on Wednesday, reaching a fresh one-week high as bullish momentum continues to build. Real-time data shows silver futures trading at $33.65, up 1.4% on the day, with intraday highs touching $33.73. This breakout above key resistance signals that buyers have the upper hand, fueled by strong industrial demand and expectations of supportive monetary policy in 2025.

 

Analysts see further room for upside, with technical forecasts pointing to a potential test of the $33.95 level if silver holds above immediate support at $32.65. The bullish trend is underpinned by anticipated interest rate cuts and robust investment demand, particularly from central banks and the green technology sector. However, traders are watching for any pullbacks, as a drop below $31.85 could trigger a deeper correction.

 

For now, silver bulls remain in control, and the metal’s dual appeal—as both an industrial and precious asset—continues to attract investors seeking growth and safety.

 

Source: Perplexity Finance, FOREX24.PRO, GoldSilver