XAGUSD maintains a clear uptrend, with the price continuing to trade within an ascending channel and showing no signs of a structural breakdown. Following a strong rally, profit-taking has resulted in only a minor pullback, while the 60.51 level continues to serve as a critical support zone defended by the bulls.

Fundamentals also remain supportive of silver, driven by a weakening US dollar, declining US bond yields, and capital flows favoring precious metals. These factors provide a solid foundation for the current uptrend to persist.

I anticipate renewed buying interest in XAGUSD around the 60.51 level before the price moves up to test the 63.71 zone. As long as the price holds above this support level, the uptrend remains the preferred scenario.