The XAG/USD pair shows moderate growth, developing the uncertain "bullish" impetus formed the day before. The instrument is testing 28.40 for a breakout, while investors are expecting new drivers for price growth. At the moment, the more active rise in quotes is hampered by attempts of the American currency to strengthen against the backdrop of a correction in expectations regarding the imminent launch of a "dovish" monetary policy cycle in the United States.

Growth is possible.

On the daily chart, the third wave of the higher level (3) develops, within which the first wave 1 of (3) formed, a correction ended as the second wave 2 of (3), and the wave 3 of (3) develops. Now, the entry first wave of the lower level i of 3 is forming, within which the wave (iii) of i is developing. If the assumption is correct, the XAG/USD pair will grow to the area of 31.65–35.50. In this scenario, critical stop loss level is 26.81.