Silver prices surged nearly 3% on Friday as the metal cleared its 50-day Simple Moving Average (SMA) at $62.13 and reclaimed the $63.00 level.
The Relative Strength Index (RSI) crossed above its 50-neutral level, indicating a strengthening near-term bullish bias for Silver prices.
If XAG/USD breaks above the $65.00 mark, it will expose the 100-day SMA at $68.98 and potentially test the psychological $70.00 level.
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