Silver / U.S. DollarShort
SILVER (XAGUSD): Downtrend Emerges from Resistance
The price of SILVER (XAGUSD) is showing bearish momentum after testing key resistance levels marked by both horizontal and vertical trend lines.
Initially, the pair consolidated within a range but experienced a sharp decline upon testing a descending trend line.
This movement breached the range's support with a decisive bearish candle, suggesting further downside potential. The price is likely to continue falling, with a target set at 30.00.
Initially, the pair consolidated within a range but experienced a sharp decline upon testing a descending trend line.
This movement breached the range's support with a decisive bearish candle, suggesting further downside potential. The price is likely to continue falling, with a target set at 30.00.
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