#xag #Silver I had mentioned that you wouldn’t be able to break the 60 resistance convincingly, so there would likely be a pullback. Movements happened as expected.

Right now it has come to the blue box support located in the 57-56 zone. As long as there isn’t a close below 54.8, a rise from these levels is possible.
On the upside, if the daily close is above 63, then according to the most recent down-move wave, the first higher high on the daily timeframe will have formed, and we would receive a trend reversal signal—so further continuation of the rise could be expected. When 63 is broken, the 67-71-80 resistances can be followed.
On a deep drop, if it stays below 54, the decline could continue toward the 50 and 45 supports. The 45 support is important. As long as it stays above on the weekly timeframe, it means the uptrend is preserved.