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$XAG / #Silver Looks Stronger Than Gold.
On the 4-hour chart, we will now follow the 83,052 bottom.
If this level is maintained, the upward trend may continue.
The rise could continue toward the 96 region.
The most important decision zone is the 96 level.
The market will decide here whether the increase is just a correction or if the main trend will continue.
If a daily close above 96 occurs, a movement toward the peak region could gain strength.
If selling pressure returns from this zone, the market may revert to a correction phase.
If it stays below the 83 level, the decline may continue.
In this case, we will follow the support bands of 70 – 69 – 65.
Especially the 69–65 region appears to be important both technically and psychologically because it is a Fibonacci support zone.
Buyers may strengthen in this area.
In deep pullbacks, the 60 level on the daily chart is an important support for maintaining the main upward structure.