Silver Price Surges Past Key Resistance at $60.85

The silver price has broken through its key resistance at $60.85, surpassing expectations in recent intraday trading.

This move comes as part of a dominant bullish corrective wave on the short-term basis, with the continued support from its trading above the Exponential Moving Average (EMA50).

Additionally, the relative strength indicators have produced positive signals, despite remaining in overbought levels. This could indicate further gains in the near future.