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#xag #Silver is trying to bottom at the Fibonacci support level of 56. If buyers strengthen, there could be a rise towards the 67 level.
If it stays above 67 on the 4-hour chart, the rise may continue further. It could test the 71-80 levels.
If it can stay above 89 during the rise, the chance of retesting the peak increases.
In the event of a close below the 56 support, the 50 and 45 supports can be monitored. The 45 support is important. As long as it stays above it on the weekly chart, the uptrend is preserved.