Silver (XAG/USD) attracts fresh buyers following the previous day's modest slide and sticks to its gains near the YTD peak, above the $25.00 psychological mark through the early part of the European session on Friday.
Silver regains some positive traction on Friday and climbs to a fresh YTD top. The technical setup favours bulls and supports prospects for additional gains. Dips below the $24.50 resistance-turned-support are likely to get bought into. Silver attracts fresh buyers following the previous day's modest slide and sticks to its gains near the YTD peak, above the $25.00 psychological mark through the early part of the European session on Friday.
00s, towards challenging the December 2023 swing high – levels just ahead of the $26.00 round figure. Some follow-through buying should pave the way for an extension of over a two-week-old bullish trend. On the flip side, the $24.80-$24.75 region now seems to protect the immediate downside ahead of the $24.50 horizontal resistance breakpoint. Any subsequent decline is likely to attract fresh buyers and remain limited near the $24.15-$24.10 region. Some follow-through selling below the $24.
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