The XAG/USD pair gained 3.3% yesterday, reaching 30.49, after the US macroeconomic statistics and the US Fed meeting minutes.

Growth is possible.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 3 of (3) forms. Now, the third wave of the lower level iii of 3 is forming, within which the local correction has ended as the wave (iv) of iii. If the assumption is correct, the XAG/USD pair will grow within the wave (v) of iii to the area of 35.50–38.70. In this scenario, critical stop loss level is 28.53.

The XAG/USD pair declines slightly during the morning session on June 27, holding near 28.70. Activity in the market remains quite low, as trading participants expect the emergence of new drivers of movement.