Saad Ullah
⬤ Silver (XAG/USD) just had one of those days that gets traders talking—a massive 10% jump on Friday that's got everyone wondering what's next. The charts are painting a pretty clear picture: this metal's on a mission, and it's heading straight for some major resistance up ahead. Right now, the momentum's there, and if it keeps up, we could be looking at some interesting price action.
⬤ Here's where things get exciting—silver's closing in on the $79 resistance zone, and it's been a wild ride getting there. After bouncing off $55 and climbing steadily higher, the buying pressure's really kicked in. Those big green candles on the chart? They're telling us that buyers are showing up in force, and they're not backing down just yet.
⬤ The big question now is whether silver can punch through that $79 ceiling. If it does, we could see prices push into the $80s pretty quickly. Traders are definitely paying attention to this setup—it's not every day you see silver make moves like this, and the bullish vibe is hard to ignore.
⬤ This rally's got implications beyond just the precious metals crowd. When silver makes moves like this, it tends to ripple out across other commodities and markets. Keep an eye on this one—it might be signaling something bigger happening in the broader market landscape.
Saad Ullah
