Silver Soars 2% on 'Double Bottom' Breakout, Eyes YTD Highs Silver prices have surged over 2%, breaking through key resistance levels and confirming a ‘double bottom’ chart pattern. This bullish momentum, fueled by weaker-than-expected US inflation data, has pushed the XAG/USD to $31.40, a six-week high. The breakout above the $30.73 neckline has opened the door for further gains, with potential targets at $31.75, $32.00, and the year-to-date high of $32.51. The Relative Strength Index (RSI) supports this upward trend. However, key support levels at $31.00, $30.73, and $29.82/79 remain crucial for potential pullbacks. This price action has reignited discussions about potential Federal Reserve monetary policy easing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Pandemic Savings Depleted: Economic Uncertainty Looms as American Debt Rises READ MORE Home Price Growth Decelerates as High Rates Dampen Buyer Enthusiasm READ MORE Oil Dips as Tensions Rise: Market Braces for Iran's Next Move Against Israel READ MORE JPMorgan Bullish on Gold and Silver, Palladium Rallies READ MORE Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment