XAGUSD 4H — Bullish Reversal Setup Developing
Silver is showing early signs of a potential bullish reversal after the recent sharp decline.
• Bullish RSI divergence has formed near the lows.
• RSI has recovered to around 46, showing improving momentum.
• Price is attempting to break out from a small falling-wedge / compression structure around $60.
• The broader H4 structure is still under pressure, so confirmation is important.
Key confirmation: H4 close above $62.30
Invalidation / SL: $59.29
Targets:
TP1: $65.17
TP2: $68.11
TP3: ~$70.80
Bias: Early bullish reversal setup. A clean break and hold above $62.30 would strengthen the probability of a larger recovery toward $65+.
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