Silver is currently trading near 63.30 after a strong advance from the 60.60–61.00 region. Price has now entered a descending channel, creating a short-term corrective structure.

The projected path highlights 62.20–62.60 as the main area to monitor. A stable reaction from this zone could allow price to rebuild momentum toward 63.50–63.70.

If that area is reclaimed, the next checkpoints become:

Target 1: 64.00
Target 2: 64.50
Target 3: 65.00
Target 4: 65.50

The broader support structure remains around 60.60–61.00, while the deeper marked demand area is near 59.20.

For me, the most important factor is not simply reaching a target, but how price reacts at 62.20–62.60 and whether the descending channel is broken with strength.

Timeframe: 15M
Market: XAGUSD
Current Area: ~63.30
Key Support: 62.20–62.60
Major Support: 60.60–61.00
Resistance: 63.50–64.00
Higher Levels: 64.50 / 65.00 / 65.50