Silver (XAG/USD) Bullish Rebound from Major Support

Jun 29

XAG/USD is showing signs of recovery after finding strong buying interest at the **56.00–56.50 support zone**. Following an extended downtrend, price has stabilized above support and is attempting to build a short-term bullish structure while trading around the Ichimoku cloud.

A sustained move above the current consolidation range and cloud resistance could trigger further upside momentum. The first bullish objective is **62.85**, which aligns with the next key resistance level highlighted on the chart. However, failure to hold above **56.00** would invalidate the bullish outlook and expose silver to another leg lower.

🎯 **Target:** **62.85**
🟢 **Support:** **56.00–56.50**
🔴 **Resistance:** **72.50–73.00**
📈 **Bias:** **Bullish while price remains above the support zone.**

Jun 29

Trade active

active

Jul 3

Trade closed: target reached

my given target is achieved