XAGUSD has maintained a strong bullish move with a series of higher highs, but recent price action shows that the upward pace is clearly slowing. After forming a new high around 62.50–62.80, price has failed to extend the move and has begun consolidating while renewed selling pressure appears.

What stands out is that each new bullish leg is becoming shorter, while price is now trading close to the nearby support zone around 61.10–61.30. This suggests that buyers are still preserving the bullish structure, but momentum is no longer as strong as before and the risk of a deeper correction is increasing.

If the nearby support breaks, I expect XAGUSD to pull back toward the 59.70–60.00 area. This scenario would become even clearer if price fails to create another new high and begins forming a lower high.

This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.

Wishing you successful trading!