Silver Prices Surge Amid Bullish Wave and Support Stability

Silver prices rose during their latest intraday trading, boosted by the stability of the key support level at $57.00, which has helped to ease the negative pressure from the EMA50.

This allowed silver to extend its gains on the near-term basis, amid a dominant bullish corrective wave on the short-term basis.

The relative strength indicators have also shown positive overlapping signals after offloading overbought conditions, opening the way for keeping the positive trend.