$XAG

The large short liquidation at $80.19 reflects a powerful upside breakout that trapped bearish positions and triggered rapid buying pressure. Price has now formed a new support zone near $78.60, which should act as a key level on any retracement. Holding above this area keeps bullish momentum strong, with immediate resistance positioned near $82.40. A breakout above that resistance opens the path toward the next upside target around $85.80, aligning with historical rejection levels. The liquidation squeeze indicates strong demand entering the market, often leading to trend extension. If price slips below $78.60, a deeper pullback toward $75.90 could develop before another upside attempt. Overall trend remains bullish after the short squeeze reset. $XAG ‌