Silver (XAG/USDT) is trading around $116.50–$117.50 per ounce, showing mild consolidation after recently touching highs near $120. The precious metal has been extremely strong overall, with massive yearly gains exceeding 280% in some metrics, driven by safe-haven demand, industrial usage (solar, electronics), and correlation with the historic gold rally (XAU/USD now above $5,500).

Short-term view: Price is slightly pulling back today (-0.1% to flat), finding support near $115–$116. Bulls remain in control as long as it holds above $115. A break above $118–$120 could target $125+ quickly, while a drop below $114 might see correction toward $110

$XAG

XAG
XAGUSDT
118.38
+5.48%

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