The XAGUSD pair is showing increasing strength after bouncing off the support zone around 71-72 and has now returned to the key resistance area at 82.9 on the four-hour timeframe. The market structure is gradually shifting to a bullish trend as the price continues to print higher lows, and the upward momentum remains extremely strong.

As for the news, silver is benefiting from the weakness of the US dollar and the decline in US bond yields following expectations of a more accommodative monetary policy from the Federal Reserve. This creates a flow of money back into precious metals, helping the XAGUSD pair maintain its strong recovery momentum.