The XAG/USD pair is consolidating near 36.00 during the morning session, developing mixed trading dynamics not only in the ultra-short term, but also in the short term. The instrument is supported by the relatively weak American currency, while pressure on silver is growing as the global economic outlook worsens and industrial production dynamics decline.

The price may grow.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 3 of (3) and the correctional fourth wave 4 of (3) ended, and the fifth wave 5 of (3) forms. Now, the wave iii of 5 is developing, the correctional wave (iv) of iii has ended, and the wave (v) of iii has started. If the assumption is correct, the XAG/USD pair will grow to the levels of 38.00–40.00. In this scenario, critical stop loss level is 35.15.