Silver is testing a key resistance.
XAGUSD is reaching 23 after the bounce off the support. A clean, confirmed break above 23 is required for the upside reversal and a test of 24. A rejection here would leave the downside range swing in play. This is a long-term consolidation ongoing without a direction like in gold, but it seems that swing range potential has a bit more space, and a break above 23 is required to avoid that.
Note: look for the long trade entry with a stop loss below 23 in the case of an upside breakout confirmation. In the case of rejection, here take the short trade
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