Growth is possible.

On the daily chart, the upward third wave of the highest level (3) develops, within which the wave 3 of (3) and the correctional fourth wave 4 of (3) formed, and the fifth wave 5 of (3) is developing. Now, the fifth wave of the lowest level v of 5 has started, and the correctional wave (ii) of v has ended. If the assumption is correct, the XAG/USD pair will grow to the area of 41.00–42.00. In this scenario, the critical stop loss level is 37.64.

After a short period of trading below 37.00 at the beginning of the month, the XAG/USD pair reached 37.88, showing significant potential for strengthening the upward movement.

On the four-hour chart, at the key support line of 36.70, a reversal figure of the candlestick analysis Hammer and a trend continuation pattern Bullish Marubozu are being built, which indicate that quotes have reached the low-price area and purchases are being activated at this level.