The XAG/USD pair is trading at 87.50 amid steady demand for precious metals and a persistent supply deficit.

The probability of growth remains.

On the daily timeframe, a higher-degree ascending wave 3 has formed, while the corrective structure has completed as wave 4. On the 4-hour timeframe, wave 5 is currently developing, incorporating the emerging lower-degree wave i of 5. The corrective move has been completed as wave ii of 5, and wave iii of 5 is now unfolding. If this scenario proves correct, the XAG/USD pair’s upward trend is expected to continue toward the 96.50–122.00 zone, with a critical stop loss level at 78.00.

On the four-hour timeframe chart at 71.70, a Hammer candlestick pattern is forming, indicating a zone of lower prices and signalling a potential trend reversal.