The XAG/USD pair is showing growth, developing the uncertain "bullish" momentum formed at the beginning of the week. The instrument is testing 30.35 for a breakout, updating local highs from June 7.

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 third wave iii of 3 is forming, within which a local correction has ended as the wave (ii) of iii. 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 25.89.

The XAG/USD pair declines, trading at 29.13 amid macroeconomic statistics from the US and China.