XAGUSD is currently trading near the $60.23 level and approaching an important support zone around $60.00–$60.10. Price has recently pulled back after a strong bullish recovery, making this support area crucial for the next potential move.
If buyers defend this zone and bullish momentum returns, silver could rebound toward the first target at $60.98, followed by the major resistance zone around $61.85–$61.90. A breakout above the intermediate target could strengthen the bullish outlook and open the way for another upward move.
Targets:
- Entry zone: $60.00–$60.10 (potential support bounce)
- Target 1: $60.98
- Target 2: $61.85–$61.90
- Key resistance: $61.90–$62.00
- Invalidation: A decisive break below the $60.00 support zone could weaken the bullish setup.
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