Silver Price Breaks Above Bearish Trend Line, Eyes New Resistance

Silver's price surged in its latest intraday trading, breaking above a short-term corrective bearish trend line and regaining its main bullish path.

This uptrend is supported by Silver's continued trading above EMA50, which provides a dynamic support base and gives the price renewed positive momentum.

The relative strength indicators have also begun to show a positive crossover, indicating improving bullish momentum and increasing the chances of targeting new resistance levels in the near term.