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Silver jumped over 3% in February, briefly topping $81 due to U.S.-Iran tensions, boosting safe-haven demand.
Silver prices surged over 3% in February, briefly exceeding $81 amid rising geopolitical tensions between the U.S. and Iran, which boosted demand for safe-haven assets.
The XAG/USD pair broke above key resistance and the 100-hour SMA, signaling short-term bullish momentum, though technical indicators showed mixed signals with neutral RSI and a weak MACD.
Despite a recent pullback and a 5% monthly decline, silver held above major moving averages, with support near $75.58 and $70.31.
Traders remain cautious, awaiting confirmation of a sustained breakout above $86.32 for a stronger uptrend.
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La plata saltó más del 3% en febrero, superando brevemente los $81 debido a las tensiones entre EE.UU. e Irán, impulsando la demanda de refugio seguro.