"Silver (XAG/USD) 4H Analysis: Potential ReversalSilver (XAG/USD) 4H Analysis: Potential Reversal at Key Resistance
The price is currently at $30.50150, with a slight drop of 0.05% in this session.
A clear downward trend is evident after a period of consolidation, and the price has approached a potential resistance zone between $31.65 and $31.84
This resistance area is marked by a yellow box with a red dashed line, indicating a possible reversal point where sellers may step in, as previously observed.
The chart indicates a potential short trade setup, with the entry zone shown within the resistance area.
The stop-loss would likely be placed above the $31.84 level (the top of the resistance box), while the target could extend down to around $30.26, aiming for a continuation of the downward trend.