Silver is currently trading around 63.30 after a strong upward move from the 60.60–61.00 support area. Price is now moving inside a short-term descending channel, which suggests a possible corrective phase before the next directional move.

The 62.20–62.60 area is an important short-term reaction zone. If price stabilizes there and regains 63.50–63.70, the structure could open the way toward higher levels.

Key Levels:

Current Price: 63.30
Pullback Area: 62.20–62.60
Resistance 1: 64.00
Target 1: 64.50
Target 2: 65.00
Target 3: 65.50
Major Support: 60.60–61.00
Deeper Support: 59.20

Structure: Bullish recovery with a short-term pullback
Timeframe: 15M