Just noticed silver bouncing back pretty nicely this morning. XAG/USD was trading around $90.50 during early European hours, and it's holding up well after that dip we saw before. The daily chart looks decent - RSI is sitting at 56, so there's still room to run without getting overbought yet.

What caught my eye is how the short-term moving average is finally pointing higher again. Silver's been holding above both the 9-day and 50-day EMAs, which suggests we might be in a proper recovery phase after that sharp selloff mid-period. The structure looks clean right now, so unless something breaks, I'd expect XAG/USD to keep pushing toward that $100 level. The big target everyone's watching is the all-time high around $121.66 from late January - if silver can hold its moving average support, that's the next major zone.

On the downside, first support is around $84.43 (the 9-day EMA), then $79.94 (50-day EMA). If we lose those, it gets uglier and we could test the two-month low near $64. But for now, the bias feels cautiously bullish. Keeping an eye on how XAG/USD responds to this technical setup over the next few sessions.