$xag #Silver We are raising the bottom level we follow to 72. As long as it stays above, the upward movement may continue. When it reaches the 77-80 zone during the rise, we will encounter a strong resistance, and it may face rejection from here, activating a bearish Libra formation.

If it cannot close above 83,056, a decline is expected from here.
If it remains below 70 during the decline, the Fibonacci support zones are 69-65. Buyers may come in around these levels. When it holds, the possibility of a rebound increases.
If the rise continues up to the 96-101 zone; a decision will be made whether it is a correction or the continuation of the rise. If it stays above the 96-101 zone on a daily basis, a new attempt at the peak may occur. If it faces rejection from the 96-101 zone, a decline may happen.
On the daily chart, we are monitoring the 60 bottom; its support maintains the possibility of an upward movement.