Last week, we saw the price of silver $XAG/USD range between roughly $16.20 and $17.00. By the end of the week, price broke above this range. Let's take a closer look:Silver XAG/USD Daily Chart(click to enlarge)Breakout:- Last week, we said that if silver price breaks above $17.00, the $18.50 area would open up.- We had this bullish breakout indeed. - Now, if price can hold above $17 for the most part, the upside to $18.50 would be confirmed. - Even if price dips lower, a hold above $16.60 should be a good sign for the bullish outlook.- In the 4H chart if the RSI holds above 40, we would also have a bullish confirmation.Silver XAG/USD 4H Chart(click to enlarge)