Usman Salis
⬤ XAG/USD gained strength after holding a major support area and bouncing cleanly from the Blue Box zone. The move confirmed the bullish structure many traders expected, letting longs shift to risk-free. The setup still looks good for more upside as long as price stays above the key level marked on the chart.
⬤ Silver finished a corrective drop near 28.30 before reversing sharply higher. The bigger picture shows an impulsive pattern developing, with earlier waves pushing XAG/USD from the mid-30s up toward 50. Recent action tested the 52 area, matching major Fibonacci targets at the 1.0 and 1.618 extensions. Current analysis suggests avoiding shorts while this bullish sequence plays out.
⬤ The technical picture stays positive while XAG/USD holds above the invalidation point. The Blue Box bounce shows buyers are still engaged, and the wave structure supports expectations for continued gains. Throughout 2024–2025, silver has consistently respected corrective zones before resuming upward moves.
⬤ This matters for the broader market because silver often signals changing sentiment in precious metals and commodity risk appetite. A confirmed bullish setup raises odds for more upside momentum, with focus now on whether XAG/USD can reach higher Fibonacci levels. The successful defense of the Blue Box and immediate positive reaction strengthen the case for the ongoing trend.
Usman Salis
