XAG/USD (Silver) is showing early signs of a potential trend reversal, supported by recent bullish price action and improving momentum indicators.

A higher low formation this week, combined with an impulsive bullish daily candle, suggests that buyers may be regaining control of the market.

💡 Momentum Overview
📈 Key indicators support bullish sentiment:
RSI above 60, showing strong buyer momentum
MACD turning increasingly positive

👉 This indicates that bullish pressure is building as long as price holds above recent support.

📊 Key Technical Levels

🔴 Resistance Levels:
$77.00 → Immediate resistance (May 1 high)
$78.70 → April swing high
Above $80.00 → Major upside target (78.2% Fibonacci level)
👉 A breakout above $77.00 could open the door for a move toward $80.00.

🟢 Support Levels:
$72.17 → Key invalidation level (Tuesday low)
$68.30 → Major downside support (early April lows)

⚠️ Market Outlook
XAG/USD is currently in a potential reversal structure, but confirmation is still needed.
👉 Bullish scenario: Break above $77.00 → continuation toward $80.00
👉 Bearish scenario: Drop below $72.17 → reversal of bullish setup