Silver (XAGUSD) has shifted structure after a clear CHoCH, breaking out from a prior descending trendline and forming a strong ascending channel on the 1H timeframe. Price is holding above the support zone around 77.00–77.20, confirming bullish momentum. As long as price remains inside the rising channel and above the demand area, the upside target stands at **81.00**, aligning with the upper channel boundary and projected resistance zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.