Silver — Is Another Breakout About to Begin?
XAG/USD Spot FX:XAGUSD
🚀Silver has extended its strong bullish rally and is now approaching an important resistance zone after a sharp impulsive move. The market structure remains positive, but this area is likely to determine whether buyers can continue the trend or if a short-term pullback develops.
🏆Previously:
If buyers successfully break and hold above the current resistance zone, the rally could continue toward higher levels. A confirmed breakout would reinforce the existing bullish momentum and keep the uptrend intact.
📉 Bearish scenario
If price is rejected at resistance, a pullback toward the nearest demand zone becomes the most likely scenario. As long as that support holds, the broader bullish structure would remain valid despite a temporary correction.
Overall, Silver continues to trade with strong upward momentum, and the current resistance zone is the key level to watch for the next directional move.