Silver buy setup

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Silver buy setupSilverOANDA:XAGUSDCharts_M7MSilver (XAG/USD) has been showing encouraging signs of recovery after experiencing a significant correction from its highs earlier this year. From a technical perspective, price has successfully broken above the 23.6% Fibonacci retracement level and continues to establish higher lows, suggesting that bullish momentum may be building. The recent structure indicates that buyers are gradually regaining control, while the overall trend remains supportive of further upside. In addition, improving market sentiment and easing geopolitical concerns could provide additional support for precious metals in the coming months. As long as the current bullish structure remains intact, I will continue to favour the upside, with the next major area of interest sitting around 78.50. Long-Term Target: 78.50