Silver: Tentative breakout above resistance – OCBC
OCBC’s Christopher Wong highlights a strong Silver rally, up over 7% and breaking the 83–84 resistance zone in what looks like a cleaner technical breakout. He attributes the move to momentum, short-covering, structural tightness and positioning ahead of Trump–Xi talks.
Silver prices are likely to continue their upward momentum following the breakout above resistance, potentially reaching new highs as traders react to positive sentiment and positioning ahead of the Trump–Xi talks.
OCBC’s Christopher Wong highlights a strong Silver rally, up over 7% and breaking the 83–84 resistance zone in what looks like a cleaner technical breakout. He attributes the move to momentum, short-covering, structural tightness and positioning ahead of Trump–Xi talks.
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