XAGUSD: Trendline Holds, Buyers in Control

XAGUSD maintains a clear bullish structure on the H4 timeframe, characterized by a series of higher lows and an ascending trendline acting as key support. The recent pullback to the 64.28 area has not altered the overall trend.

If the price holds the 64.28–64.30 zone and buying pressure returns, I expect XAGUSD to push higher to test the 67.00–67.48 range. A decisive breakout above this area could extend the upward momentum to higher levels.

The fundamental backdrop remains relatively favorable for silver, driven by expectations of a less hawkish Fed and persistent safe-haven demand. Consequently, I favor a "buy on pullback" strategy as long as the trendline remains intact.

Main Trend: Bullish | Support: 64.28 | Target: 67.48