Silver Under Pressure – Sellers Are in Control

XAGUSD is currently clearly leaning toward a short-term BEARISH trend, as both recent news and the technical structure fail to support a sustainable bullish move.

From a news perspective, silver is facing pressure from profit-taking after the previous strong rebound, while the U.S. dollar and U.S. Treasury yields are showing signs of stabilization. This has made short-term capital more cautious toward metals like silver, which are highly sensitive to USD fluctuations. When safe-haven demand is not strong enough, rallies in XAGUSD are more likely to be viewed as selling opportunities.

On the H4 timeframe, the bearish structure remains firmly intact. Price is still below the Ichimoku cloud and moving within a descending trend channel, confirming that sellers continue to control the market. Recent rebounds have only produced lower highs, highlighting weak buying pressure and a lack of follow-through.

The 86.0–86.4 zone is acting as a key resistance area, where the descending trendline and the Ichimoku cloud converge. Repeated rejection from this zone would further reinforce the bearish scenario. If XAGUSD fails to break and hold above this resistance, the probability strongly favors a renewed move lower, with an initial target near 70.0, followed by a deeper extension toward 69.9, as highlighted on the chart.

In summary, XAGUSD is currently in a technical rebound within a larger downtrend. The most sensible approach at this stage is to prioritize SELL setups on rallies, patiently waiting for price-action confirmation, rather than attempting to catch a bottom while the dominant trend remains unfavorable for buyers.