XAG Hits New 7‑Day High, Reclaims Prior Level and Extends Upside
Silver (XAG) posted a new 7‑day high at 61.06, surpassing the previous 7‑day peak of 61.00. The move reclaimed the short‑term resistance and suggests continuation of the recent upward bias. Prices remain well below the 30‑day level of 71.58, indicating room for further gains.
- Price broke above the prior 7‑day high of 61.00 to reach 61.06.
- The break reclaimed short‑term resistance, signaling continuation of the up‑trend.
- Current level stays ~17% below the 30‑day reference of 71.58.