XAG/USD at 12 year high, XAG/USD rises above $34.00 due to safe-haven flows.

Poor Man's Gold i.e. Silver continues its winning streak for the sixth consecutive day, trading around $34.58 per troy ounce during the early New York session on Tuesday.The demand for safe-haven Silver is increasing amid rising tensions, as Israel has targeted sites associated with Hezbollah's financial operations in Beirut, raising fears of escalating conflict.As the tight US election approaches in just two weeks, demand for safe-haven Silver continues to rise. On Monday, Democratic presidential candidate Kamala Harris and her Republican rival, Donald Trump, presented starkly different messages on the campaign trail as they sought to win over undecided voters ahead of Election Day.Moreover, easing monetary policies from major central banks are supporting non-yielding Silver prices. The Bank of Canada (BoC) is widely expected to announce a significant interest rate cut of 50 basis points at its upcoming monetary policy meeting on Wednesday.

Technically, Silver has given its 2 Year Long Inverted Head & Shoulder Target on Weekly Charts. Further, It has given given breakout from Symmetrical Triangle Pattern on weekly charts. Pattern Objectives are coming at 37-37.50$. However, On shorter time frames the White Metal is overbought on RSI as its touching the value of 80 & RSI Momentum Divergence is also visible. Trader scan maintain BUY ON DIPS Strategy in Silver keeping $30 Level as Potential Negation point in mind.