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XAGUSD Bullish Breakout from Falling Channel – Upside

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This 1H chart of **Silver (XAGUSD)** shows price previously trading inside a well-defined descending channel, respecting both the upper and lower trendlines. After forming a base around the 72.00–73.00 demand zone (highlighted in green), price rejected the lows and produced a strong bullish impulsive move.

The breakout above the channel resistance and short-term descending trendline signals a potential trend shift from bearish to bullish in the short term. Price is now trading above key Ichimoku levels, indicating improving momentum.

If bullish momentum sustains, the next upside target sits around the 79.00 level, marked as the projected target point. Holding above 75.30–74.60 support will be crucial to maintain bullish continuation.
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