(XAG/USD) Bearish Breakdown Toward Major Support

Jun 5

Silver remains under strong bearish pressure after rejecting the resistance zone near 75.00 and continuing its move within a descending channel. Price failed to establish higher highs and eventually broke below key support levels, triggering an aggressive sell-off.

The bearish structure is reinforced by the downward-sloping channel and price trading below the Ichimoku cloud, signaling continued seller dominance. The recent breakdown suggests that momentum remains to the downside, with bears targeting the next major support area.

🎯 **Target:** **65.84**
📉 **Bias:** Bearish
⚠️ **Key Resistance:** 72.50 – 75.00
✅ **Confirmation:** Descending channel continuation, support breakdown, and bearish Ichimoku alignment.

*As long as Silver remains below the 72.50 resistance zone, the path of least resistance favors a move toward the 65.84 target area.*

Jun 5

Trade active

active

Jun 8

Trade closed: target reached

target achieved