Growth is possible.

On the daily chart, the third wave of the higher level (3) forms, within which the wave 3 of (3) develops. Now, the entry first wave of the lower level i of 3 has formed, a local correction has ended as the second wave ii of 3, and the third wave iii of 3 is forming. If the assumption is correct, the XAG/USD pair will grow to the area of 35.50–38.70. In this scenario, critical stop loss level is 25.97.

The XAG/USD pair is retreating from all-time highs set in February 2021, updated in the early hours of the trading session on Thursday, and is now holding at around 29.44.