The XAGUSD H1 chart shows a prolonged downtrend from 70.457 to 63.503, followed by a recent consolidation phase between 64.5 and 65.5. A bullish breakout occurred at 65.01, closing above the previous high, signaling potential trend reversal. The consolidation lows, particularly around 64.494, act as key support, with increased volume (14699) confirming buying interest. Price has since retraced but remains above the 64.5 level, indicating bullish momentum. The current setup suggests a strong base formation after a decline, with the recent breakout validating a shift in control. Spot silver appears poised to test higher resistance levels, such as the prior…

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