On the M15 timeframe, spot silver (XAGUSD) has been in a consolidation phase following a downtrend from 60.265 to 57.465. The recent low at 57.605 marks a critical support level, with the close near this level indicating potential buyers stepping in. Volume during this range was relatively low (177), suggesting cautious participation, but the subsequent rebound to 57.66 and 57.69 shows resilience. The price has since tested higher resistance at 59.101, with a close near 59.169 on the prior candle, hinting at a possible bullish breakout. The current setup suggests a balance between supply and demand, with the recent lows…

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