$Xag Silver 70.783 We are monitoring the bottom; in case of protection, the decline may continue with a reactionary rise.


When a 4-hour close occurs above 78,893, it may continue towards 83.
The 83 level is the Fibonacci 0.618 level of the last downward wave. Here, a decision is made whether the decline continues or is complete. If it cannot surpass the 89,371 peak, there may be another decline.
If a close occurs above it, and it protects the recent significant support, the rise may continue towards 90 with a renewed attempt. On closes above this level, it tests the upper resistances.
In the interim rally, if it cannot surpass above 90, there may be a decline again.
Technically, the 66-60 range is also a zone where buyers have previously entered. Buyers may strengthen again in this area.
XAG1.48%
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