Saad Ullah
⬤ XAG/USD delivered a textbook reaction from the Blue Box support region, confirming the bullish sequence and moving long positions into risk-free territory. The rebound matches the projected Elliott Wave structure perfectly, with silver pushing back toward the $50 to $52 area after holding the corrective levels.
⬤ The chart shows XAG/USD finished its pullback inside the Blue Box between roughly $24 and $28 before turning sharply higher. From that zone the metal resumed its upward move, forming a clear five-wave advance toward the $50 level. Extended upside targets sit near the Fibonacci projection at $54.29, while selling isn't recommended within the current structure. The bounce from support confirms the broader bullish trend stays intact.
⬤ Market action follows the forecasted path, as silver holds well above the invalidation level near $28.30 and continues tracking the directional bias shown on the chart. The bounce from the projected support zone proves the cycle's strength, with XAG/USD maintaining upward momentum as it moves away from the critical level. The price structure shows no breakdown signs, reinforcing that the bullish scenario dominates this stage of the trend.
⬤ This matters because silver is responding precisely to high-confidence technical zones, strengthening the broader positive outlook for the metal. With the bullish sequence intact and reaction levels performing as expected, XAG/USD's behavior may boost sentiment across precious metals as it approaches key resistance areas and potential upside extensions.
Saad Ullah
