Saad Ullah
⬤ Silver (XAG) is trading in a tight range just below $59 after surging earlier this month. The price action has formed what traders are calling a bull flag pattern, emerging after silver broke above the $54.50 resistance and held those gains. A broader ascending triangle structure helped guide the rally and pushed XAG to multi-month highs.
⬤ The metal has been climbing steadily from the mid-$40s, backed by a rising trendline that's still holding on the daily chart. Right now, silver is moving within a narrow band, with support zones at $54.50 and $50. Analysts are eyeing a potential move toward $63.40 if the pattern plays out as expected.
⬤ What we're seeing is textbook continuation behavior—volatility compresses after a sharp move higher, buyer interest stays solid, and price sits comfortably above key trend levels. This setup has been the story for silver throughout late 2025, and it's showing no signs of breaking down yet.
⬤ Why it matters: Silver's ability to hold near elevated levels could influence broader sentiment in the commodities space. When technical continuation patterns like this develop, they often set the tone for what comes next—and right now, XAG is giving bulls plenty of reason to stay optimistic.
Saad Ullah
