#xag #Silver is trading within a narrow range.
It is holding the 67 level but failing to close above 71; it is currently in a consolidation phase. Remaining above the 67 level keeps the possibility of an upward move alive.
If it sustains a position above the blue box at the 71 level, we will monitor the 79–89 resistance levels.
However, if it fails to break the blue box resistance and closes below 67, the decline could continue.
Regarding the downside, the potential for an upward move remains as long as the price holds above the 62 level on the 4-hour chart. If it drops below 62, we will look to lower support levels.
It is holding the 67 level but failing to close above 71; it is currently in a consolidation phase. Remaining above the 67 level keeps the possibility of an upward move alive.
If it sustains a position above the blue box at the 71 level, we will monitor the 79–89 resistance levels.
However, if it fails to break the blue box resistance and closes below 67, the decline could continue.
Regarding the downside, the potential for an upward move remains as long as the price holds above the 62 level on the 4-hour chart. If it drops below 62, we will look to lower support levels.
