Silver (XAG/USD) Bullish Breakout Toward $34.40 Target Key Observations:
Support Zone (Around $32.00 - $32.50):
Price has respected this zone multiple times (green arrows indicate successful bullish reactions).
EMA 50 and 200 are aligned beneath current price, acting as dynamic support (bullish signal).
Resistance / Target 1 (~$33.40 area):
Price is approaching this area again, previously acting as a resistance.
Short-term traders might consider this a partial take-profit zone.
Target 2 (~$34.40 area):
If the resistance/Target 1 zone is broken and confirmed (as the black arrow suggests), the price could rally toward Target 2.
There's room for bullish continuation based on prior momentum and structure.
📈 Technical Outlook:
Trend: Bullish (higher lows, EMA crossover)
Bias: Bullish continuation if price breaks and retests the $33.40 zone.
Risk: Rejection at resistance could push price back toward the $32.00–$32.50 support.
