The probability of growth remains.

On the daily chart, the construction of the ascending third wave of the higher degree (3) continues, within which the third wave 3 of (3) and a correction as the fourth wave 4 of (3) have completed, and the fifth wave 5 of (3) is forming. Currently, the leading first wave of the lower degree i of 5 is forming, within which a correction as the second wave (ii) of i has completed, and the third wave (iii) of i has started. If the assumption is correct, the XAG/USD pair will rise to the area of 78.70–84.50. The critical stop loss level for this scenario is 58.10.

XAG/USD pair is trading at 60.00, continuing the correction that began in late August as a result of escalating geopolitical tensions in the Persian Gulf region.