XAGUSD: Silver Rebounds from Support as Bulls Test RecoverySilver / U.S. DollarFOREXCOM:XAGUSDProfessorSingaporeWhat happened? Silver is trading near $63.30 after bouncing from the lower part of the short-term channel. The move shows that buyers are defending the $62.50–63.00 area after the recent selloff. News background The macro backdrop is still challenging because higher oil prices and recent inflation data keep Fed rate-hike expectations elevated. That can pressure metals through higher yields and a stronger dollar. But silver is reacting from support, and short-term momentum is improving. If yields cool or the dollar weakens, XAGUSD may extend the rebound. Chart analysis Silver has reclaimed the EMA 9 near $63.12, while RSI has recovered toward 45. MACD is still negative, but the histogram is improving, which suggests bearish momentum is fading. The next test is the $63.85–64.00 resistance zone. A reclaim of this area would strengthen the recovery and open the way toward the higher moving-average cluster. Bullish setup A confirmed reclaim of $63.85–64.00 would support a bullish recovery scenario. Targets: $65.46–65.54 Key idea: silver has bounced from support, but bulls need to reclaim $63.85–64.00 to turn the rebound into a stronger recovery. ⚠️ Not financial advice.