Silver Prices Leap Past Key Resistance Level
Spot silver has surged above the $81 per ounce mark, climbing 5.76% within a single trading session—an impressive rally that signals shifting market dynamics and renewed investor confidence.
Three Key Drivers Behind the Surge
- Resurfacing inflation concerns boost silver's appeal as a hedge
- Improving industrial data supports stronger demand outlook
- Escalating geopolitical risks drive safe-haven capital into precious metals
This breakout represents a major technical milestone. With momentum building, silver could aim for higher targets if it maintains support above the $80 level in the coming sessions.