$xag #Silver failed to maintain the 72,054 level, but continues moving inside the wedge. If it breaks above the wedge, the upward move may continue. During the rise, the 77-80 zone may face a difficult resistance and a bearish “flag” formation could become active.

If it cannot close above 83,056, a decline is expected from here.
If, during the decline, it stays below 70, then the 69-65 zone is where the Fibonacci supports are. Buyers may appear in these areas. If it holds, the possibility of a renewed rise will form.
If the rise continues up to the 96-101 zone, then a decision will be made on whether it is a correction or the continuation of the upward trend. If it manages to hold above the 96-101 zone on the daily timeframe, another attempt at the peak may come. If it gets rejected from the 96-101 zone, a decline could occur.
During the decline, we will track the daily 60 bottom. Its protection/defense keeps the likelihood of an upside move alive. If a breakdown occurs, we will follow the support levels at 56-54, 50,853, and 38.