#xag #Silver closed below the 60 bottom. Since there is no weekly close yet, if it recovers on the weekly chart, the market will relax as if these declines never happened.


The 56 region is a Fibonacci support level. There is a possibility that buyers will strengthen from here. We can understand this through confirmations such as long-wicked candlesticks below and RSI divergence. When such signals appear, a new rally attempt may occur.
For the rally to continue, it needs to break the 71 peak. When it stays above this level, the resistances we will follow are the 77-89 peaks.
If the weekly candle also closes below the 60 bottom in this way, it may test lower supports.
XAG1.25%
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