Charvis has lost the captaincy as a result of the 30-22 defeat by Italy in Rome, and his place in the starting line-up, with Wales coach Steve Hansen handing leadership duties to 33-year-old Bath hooker Jonathan Humphreys.
Charvis, initially at least, will watch the Millennium Stadium appointment with England on Saturday from the replacements' bench.
Taylor though, who is one of seven players drafted in to try and halt Wales' slide, believes Charvis is by no means finished.
"Steve might have felt in this situation, with such a big game coming up, that it was probably best to give Colin a bit of space," said Taylor, who will win his 34th cap on Saturday.
"If you asked anyone in the squad, they would quite happily have Charv as captain again.
"That is not meant as any disrespect to Jon Humphreys, who has done a very good job as captain before and I am sure he will again this time.
"People say that Colin didn't play at his best last weekend, but up until that game, he had been a superb captain for Wales.
"He did a great job in South Africa last summer, and a very good job during the autumn internationals.
"The players respect Charv. If you look at his career, then last weekend was the one down-point. But he has been a superb leader, and there is no doubt that he will be back."