Silver has just undergone a strong rally and is currently cooling off below the overhead supply zone. Crucially, however, the price remains above the newly formed support level, and the short-term bullish structure shows no signs of breaking down.

The 60.10 level is the critical area. If buying pressure successfully absorbs the selling pressure here, XAGUSD could form a higher low before extending its gains toward the 63.85 zone.

Given that the USD and US yields remain under pressure, I lean toward the view that this correction is merely a re-accumulation phase. The more prudent strategy right now is to wait for a confirmed reaction around the support level rather than chasing the price after a prolonged rally.