12.22 Silver (XAG) Midday View

Silver (XAG) has completed a cycle of consolidation - strong upward movement - and a pullback in the 1-hour timeframe, with short-term bulls still in control. At the 69.33 level, there is noticeable selling pressure.

The core support is at 68, resonating with the platform formed during the upward phase. If this level holds, the continuation of the bullish trend is ensured.

The price broke out of the consolidation range with increased volume, confirming the funding-driven logic of the upward trend. During the pullback phase, trading volume has shrunk, indicating that the selling pressure has not formed a large-scale exit, and there are no volume signals of a trend reversal.

The moving averages maintain a bullish arrangement, with the yellow and green lines diverging upwards. The price consistently operates above the moving averages, and even with short-term pullbacks, there are no signs of a reversal, indicating that the short-term bullish pattern remains fundamentally unchanged.

Trading Suggestion: Buy between 68.1-68.4, target 69.3, and continue to look for upward movement if it breaks out.