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Silver Prices Rally Higher, Eyeing $35 Target

Silver markets showed strong upward momentum on Thursday, pushing against recent resistance levels.

The market is testing resistance established by last Friday’s shooting star pattern, with a breakthrough potentially opening the path to $35. While the longer-term outlook remains bullish, strong support levels at $32.35 and $32 could provide buying opportunities during pullbacks.

Though silver typically follows gold’s lead, with gold showing some weakness in early futures trading, market participants are advised to monitor both metals closely. The current market sentiment favors buying on dips rather than taking short positions.

Original Source: FX Empire

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