XAG/USD: Bullish Momentum Confirmed, Targeting 33.69 as Key Resistance Breaks

The Technical Setup: Silver's Resilient Rally

Looking at XAG/USD, the bullish trend remains firmly intact. We've seen a solid performance over the last 24 hours, with Silver up 0.69% or 0.2229, currently trading around 32.7229. This upward movement is consistent with the broader bullish trend I've been tracking. The intraday range, from 32.3885 to 33.0573, shows strong buying pressure coming in on any dips, indicating that the market is willing to bid up Silver. The immediate resistance at 33.0573 is certainly a level we need to watch closely, but I'm seeing clear signs of institutional order flow pushing us higher. The initial support at 32.3885 has proven robust, which is a critical sign of strength.

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