XAGUSD indicates that buyers remain in control of the H4 structure. Following consecutive Break of Structure (BOS) signals, the price continues to form higher lows and—notably—remains supported by the bullish trendline; this suggests that the recent pullback has not altered the primary trend.

Rather than anticipating a straight rally, I am focusing on the 62.53 level. A retracement to this area that holds the trendline would establish a stronger base for the next leg up. In that scenario, the key target lies within the 65.50–66.40 supply zone.

From a macroeconomic perspective, recent weak US labor data is weighing on the USD and bond yields, providing a tailwind for precious metals. Consequently, "buying the dip" remains the preferred strategy as long as the H4 bullish structure remains intact.

If the price clearly closes below 62.53 on the H4 timeframe and breaks the trendline, this bullish thesis would need to be re-evaluated.