Silver's impressive rally brings it close to $25.00, marking significant gains in the North American session.
Technical analysis highlights $25.00 as a pivotal resistance, with potential for further gains towards late 2023 highs.
Failure at $25.00 could see silver retesting recent support levels, with the market closely watching $24.68 and $24.50.
Silver rallied sharply in the mid-North American session on Wednesday, climbing more than 3.40% amid high US Treasury bond yields, while the Greenback extended its losses by more than 0.20%. At the time of writing, XAG/USD trades at $24.95, around new year-to-date (YTD) highs.
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