Silver Price Analysis: XAG/USD holds near YTD high around $24.50

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• Silver inches closer to retesting its year-to-date high of $24.63, after marking a 0.86% increase.
• Technical dynamics suggest potential for further gains if silver surpasses the $24.50 resistance.
• Downside risks loom if silver falls below $24.31, targeting supports at $24.00 and the March 6 low of $23.57.

Silver’s price rallies, but it remains below the new year-to-date (YTD) high of $24.63. It reached earlier, post gains of 0.86%, and trades at around $24.50 during the mid-North American session.