XAGUSD has maintained its upward momentum following a strong rally from lower levels, with an ascending trendline continuing to underpin the structure. The current pullback is bringing the price back toward the 63.00 area, which coincides with an FVG zone and immediate support.

If buyers successfully defend the 63.00 level, I expect silver to regain momentum and target the 65.00–65.70 supply zone. The macroeconomic backdrop is also supportive, as the USD and US yields face pressure following weak labor data, creating a more favorable environment for precious metals.

The key factor to watch is the price reaction around 63.00: holding this level leaves significant room for the uptrend to continue, whereas a break below this support would significantly weaken the bullish outlook.