Silver continues to weaken after failing to break through the $59.80–60.00 resistance zone. Price has moved back below the EMA34 and is now heading toward the short-term support near $58.00, suggesting that sellers are gradually regaining control after the failed recovery.
The H4 structure remains bearish as price continues to form lower highs, while the EMA89 keeps sloping downward and acting as dynamic resistance. If the $58.00 support is broken, XAGUSD could extend its decline toward the $57.00 area in the coming sessions.
The H4 structure remains bearish as price continues to form lower highs, while the EMA89 keeps sloping downward and acting as dynamic resistance. If the $58.00 support is broken, XAGUSD could extend its decline toward the $57.00 area in the coming sessions.
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