Silver (XAG/USD) has resumed its near-term upward momentum, climbing to fresh six-week highs. According to FX Street, the metal reached $63.90 on Friday, pushing close to the critical resistance level at $63.30.
This recent strength suggests a potential confirmation of a breakout above the resistance zone, which could pave the way for further gains in the near term. The price action marks a continuation of the bullish trend that has been building over the past several weeks.
For Japanese investors, these developments in silver prices come amid a broader search for safe-haven assets and diversification amid ongoing market volatility in FX and equities.