Silver continues to trade inside a well-defined ascending channel, reflecting a healthy sequence of higher highs and higher lows. After a strong impulsive move, price is pulling back toward the channel support, where buyers may look for confirmation before the next potential continuation.

The highlighted Buy High Demand zone represents an important technical support area. As long as price remains above this zone and respects the lower boundary of the channel, the overall short-term market structure remains constructive.

Technical Overview
Instrument: XAG/USD (Silver)
Timeframe: 15 Minutes
Trend: Bullish
Pattern: Ascending Channel
Market Structure: Higher Highs & Higher Lows
Key Demand: Buy High Demand Zone
Support Levels
First Support: 60.50
Second Support: 59.30
Major Demand: 58.40
Resistance Levels
First Resistance: 62.00
Second Resistance: 62.50
Major Resistance: 63.00
Reference Targets
Target 1: 62.00
Target 2: 62.50
Target 3: 63.00