Silver XAG/USD has been trading down in late February and early March after a run up to around $16.30. Recently, it fell towards the resistance area of a previous consolidation range. Price bounced off this resistance as support, which means the market treated the consolidation range as support - a bullish sign.XAG/USD Daily chart(click to enlarge)Bullish Signs:- As noted, the fact price rebounded from the previous resistance is a bullish sign.- Also note that the 3/8 session completed an engulfing candle, which is also a bullish sign.- The fact that price is now back above the 200-day simple moving average (SMA) suggests bullish bias as well.- Finally, the RSI did not push below 30, which is a sign of weak bears. - I think even if price falls to $14.50, the overall market could still be bullish.- On the year, I believe there is upside towards the $18-$18.50 area, which represents the 2017 highs. - In the short-term, there is upside back towards $16, even if the market is entering a sideways mode.- A break below $14.50 however, opens up the $14 lows again, as well as the 2015-2016 lows around 13.65.