XAGUSD | Buyers Defending the Higher Structure
The 15-minute Silver chart shows a strong recovery from the lower support region near 60.60–61.00. After reaching the 64.00+ area, price entered a descending channel, indicating short-term consolidation.
I am watching 62.20–62.60 as the key reaction area. A successful hold above this region followed by a move through 63.50–63.70 would strengthen the upside structure.
Upside Levels:
64.00 → 64.50 → 65.00 → 65.50
Important Support:
62.20–62.60
If the support structure remains intact, the chart can continue developing toward the upper levels marked on the chart.
