XAGUSD 15M | Buyers Continue to Respect Ascending Channel Struct
Silver remains inside a rising channel after establishing a series of higher lows and higher highs. Price is currently retracing from recent highs while staying within the overall bullish framework shown on the chart.
The Buy High Demand zone highlighted below represents a key technical area that may attract market attention if the pullback extends. A positive reaction from this region could support another attempt toward higher resistance levels within the existing trend.
Technical Structure
Timeframe: M15
Market Bias: Bullish while inside the channel
Pattern: Ascending Channel
Dynamic Support: Lower Trendline
Key Zone: Buy High Demand
Reference Targets
Target 1: 62.00
Target 2: 62.50
Target 3: 63.00
Extended Target: 63.30 (if bullish momentum remains strong)
Key Support
60.50
59.30
58.40 (Major Demand)