#xag #Silver can’t break the 60 resistance with strong volume from here; a pullback could be possible.

If the selloff continues, the 57-56 zone below may act as support and a rebound could occur. The invalidation condition for this structure is a close below 54.8. If a close occurs below that, the decline could continue even further.
If, however, the daily close is above 63, then according to the last selloff wave, the first higher high on the daily timeframe would form and we would receive a trend reversal signal, and further continuation of the upside could be expected. When it breaks the 63 resistance, the 67-71-80 resistances can be followed.
In a deeper drop, if it stays below 54, the decline may continue toward the 50 and 45 supports. The 45 support is important. As long as it remains above on the weekly timeframe, the uptrend is considered preserved.