The price of silver in USD $XAGUSD has been bearish throughout most of 2019 after it flattened just above $16. But after falling to about $14.30 in May, it looks like the market is bullish on silver again. The 4H price chart shows a potential bullish reversal from a rounded bottom formation.XAG/USD 4H Chart(click to enlarge)Signs of a Bullish Reversal:- The general shape of price action since May has been a rounded bottom.- But more importantly, after price bounced off of $14.30, silver made a higher high and a higher low.- Meanwhile, price broke above the cluster of moving averages and then bounced of the cluster as support - a bullish slingshot signal.- Furthermore, the RSI in the 4H chart pushed above 70, and has stayed above 40, signaling maintenance of new bullish momentum since the end of May.Neckline/Resistance:- Still, price seems to be struggling to close above $15, which is the current neckline, or resistance for a price bottom.- A clear close above $15 should open up the next key pivot around $15.60, but I think there would be more upside if price indeed closes above $15. - I think there is a good chance XAG/USD will push towards $16.50-$17, which is the middle of a previous triangle consolidation pattern. - This bullish outlook could fit within the context of a larger bearish trend, or a bearish-neutral mode. - A push to $18.40 (2017-high) would be aggressive at this point. - I would have to see some confirmation i.e. price anchoring above $16 to consider the bullish outlook.- After all, when looking at the weekly chart, we can see that XAG/USD has been in a bearish entering 2016, and has been bearish-neutral since then. (refer to weekly chart below the daily chart).XAG/USD Daily Chart (click to enlarge)XAG/USD Weekly Chart(click to enlarge)