Silver (XAG/USD) has broken below the ascending channel and confirmed a **Break of Structure (BOS)**, indicating that bearish momentum is taking control. Price is now trading below key resistance, while the Ichimoku Cloud also supports a weak outlook. If sellers maintain pressure and the recent support fails to hold, the next downside target is **57.6661**. A sustained move above the BOS resistance would weaken the bearish scenario and could trigger a short-term recovery.
**🎯 Target:** **57.6661**
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.