One important feature on this chart is the relationship between the rising structure and the current descending channel.

Silver moved strongly upward from the 60.60–61.00 region, creating a series of higher levels. The recent decline can be viewed as a corrective phase while price remains above the broader support structure.

For the next move, the 62.20–62.60 region is worth monitoring. If buyers continue to defend this area, the next important levels are 63.50, 64.00, 64.50 and 65.00+.