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#xag #Silver buyers are still weak. The weekly close occurred below the 56 level. At Monday’s open, as I marked with the arrow, there could be a rise as a reaction to the drop.
If the daily close is above 63, then according to the last down-move wave, the first higher high on the daily timeframe would form, which is one of the trend reversal signals, and further continuation of the uptrend could be expected. When it breaks the 63 resistance, it may rise toward the 67 level. When it holds above 67, the 71-80 resistances can be watched.
Unfortunately, on the daily timeframe it closed below 56. If it cannot close above 63, there is a possibility that the decline may continue. And it could drop toward the 50 and 45 supports.
The 45 support is important. As long as it remains above it on the weekly timeframe, that means the uptrend is preserved.