After several sessions of attempting to maintain its recovery, silver has lost its short-term advantage after repeated rejection below dynamic resistance. The break below the EMA34 not only weakened the rebound but also pushed price back into the bearish path that has been forming since the start of the month.
This move also aligns with a stable US Dollar and still-elevated US Treasury yields, which continue to keep capital cautious toward precious metals. Once buyers failed to hold price above nearby resistance, selling pressure quickly took control.
On the H4 chart, price is trading below both the EMA34 and EMA89 while continuing to form lower highs and lower lows. After breaking below the $59.00–59.20 support zone, the bearish structure has strengthened, and XAGUSD is likely to target the $57.00 area, where the nearest demand zone is visible.
This move also aligns with a stable US Dollar and still-elevated US Treasury yields, which continue to keep capital cautious toward precious metals. Once buyers failed to hold price above nearby resistance, selling pressure quickly took control.
On the H4 chart, price is trading below both the EMA34 and EMA89 while continuing to form lower highs and lower lows. After breaking below the $59.00–59.20 support zone, the bearish structure has strengthened, and XAGUSD is likely to target the $57.00 area, where the nearest demand zone is visible.
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
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Related publications
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.