Silver Price Sees Third Consecutive Weekly Gain as Dollar Weakens

The silver price has been on a tear for three weeks in a row, and its upward momentum shows no signs of slowing down. A weaker U.S. dollar has given silver a boost, sending it to new heights.

According to technical analysis, a break above $72 could open the path toward the key $90 resistance level for silver. Meanwhile, a U.S. Dollar Index (DXY) break below 96 could provide further support for silver prices.

Silver (XAG) has been gaining ground steadily, and its rally is being fueled by the decline of the dollar. With the current momentum in its favor, it's likely that silver will continue to rise.