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$Xag Silver is still continuing to hold its base at 70.783.
If a 4-hour close comes in above 78,893, there could be an upward move toward 83. The 83 level is the Fibonacci 0.618 level of the last downward wave. Here, a decision is made whether the decline will continue or be finished. If it cannot break above the 89,371 peak, another drop may follow. If a close forms above it, and it keeps the last important support, the rise could continue with a renewed attempt to rise toward 90. Closes above this level test the upper resistance areas.
If it cannot hold above 90 during the intermediate rally, a renewed decline may occur.
When it breaks below the 70 bottom, we will technically monitor the 66–60 range, where buyers may strengthen. Buyers can strengthen again in this region.