Silver Bulls Target $100 Resistance as XAG/USD Gains 2.25% Amid Macro Tailwinds
Silver (XAG/USD) rallied 2.25% to $90.28, testing critical resistance at $91 as buyers defended the $86-$87 support zone. The metal's 133.84% six-month surge underscores structural demand, though short-term volatility persists.
Technical thresholds loom: A decisive break above $91 opens path to record highs, while holding $88.50-$89 maintains bullish momentum. Trading Economics data shows spot silver at $90.41/oz, up 2.43% intraday.
Macro context remains favorable with 68.99% quarterly gains, suggesting institutional accumulation during dips. Market participants now watch for either a breakout confirmation or consolidation phase.