XAGUSD

Although silver experienced a pullback after the kar sales on Friday, it still maintains a positive trend above the 50.43–51.05 range. Our main scenario is for the upward trend to continue above this region. In this context, possible reactions from the levels of 52.46 and 53.47 can be monitored. In the alternative scenario, a 4-hour candle close below the 50.43–51.05 band could lead to a deepening pullback towards the 49.47 level. In this case, the current trend could be considered broken.