FX.co ★ lstanton | XAG/USD, SILVER

It is worth noting that there were no surprises in SILVER. Prices started to rise immediately, and at the moment, we can say that we are pushing to the north. However, I don't see any clear immediate targets from either side. I wouldn't say that the local downtrend is broken yet. Although all targets were revised lower and we couldn't sustain below even 70, despite dropping to 64. Naturally, we still have a strong long bias. Silver remains one of the main safe-haven assets, so it could attract more demand at any moment. Overall, I still look to the north and focus on the long bias. Therefore, if we drop below 70 again, especially 67.50, I will consider buying.