Silver continues to surge as it breaks through the $85 mark and has spiked 7% in just one day today!$XAG
Not wanting to fall behind its brother $XAU , $XAG has delivered a explosive performance, solidifying its status as the dark horse in the precious metals group.
🔷 The 1H chart shows Silver has torn through all resistance to rocket up to $85.359/oz.
According to market reports, spot Silver has recorded a massive daily gain of up to 7.0%. This is a significant movement for the commodities market.
🔶 While Gold is showing steady growth, Silver is demonstrating extreme speculative behavior. The long, consecutive green candle pushing prices above the previous high of $84 indicates strong FOMO buying pressure in this metal.
Silver is often referred to as the poor man's Gold and tends to follow but with much larger volatility than Gold. With a 7% daily surge, the $100/oz milestone may no longer be a distant dream.
Where are the Silver team members? Is your account dancing today, happier than the Gold team?
This article is for informational purposes only and does not constitute investment advice. Please read and consider carefully before making any decisions.