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$XAG HOLD $60 – Resistance at $63 is key to follow-through 🚀
Entry: 62.56 🔥
Target: 71 🚀
Silver just bounced hard from $55 and reclaimed $60 with confidence. This recovery was fast and clean—exactly the kind of move that tells me buyers are stepping in strongly near support. Right now, price is pressing at $63, a level that acted as resistance in this most recent upmove.
Now, volume has picked up since the bounce, and the daily structure looks ready to challenge that zone. If we break $63 with confidence, it should open the path quickly toward $71. The risk-to-reward ratio here is clear and straightforward.
Are you long silver or waiting for a dip to buy?
Not financial advice. Always manage your risk.
#XAG #SilverSetup #Breakout #Commodities #TechnicalAnalysis