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$xag #Silver In our analysis on Friday, we mentioned there was an upward trend, but buyers are cautious; during the night, a sell-off occurred.
We will monitor the 77.763 level. If there is a 4-hour close below it, the decline will continue.
In the decline, the 69 level could act as support. When it holds, a rebound may occur.
The target for Tobo could be an increase up to the 86 level. When the target is reached, profit-taking may happen. If the rise continues to the 96 level;
a decision will be made whether it is a correction or the continuation of the upward trend.
If stability is maintained above 96 on the daily chart, a new attempt at the peak could occur.
If it cannot stay above 96, a retracement may happen again.
On the daily chart, if the 60 bottom is broken, we will follow the support levels at 56-54, 50.853, and 38.