XAGUSD continues to trade within a bearish channel on the H4 timeframe and was recently rejected at the channel's upper boundary near 59.96, indicating that sellers remain in control of the primary trend. The current structure consists of a series of lower highs and lower lows, with the 55.26 level below emerging as a key target for the next leg down.
Fundamentally, silver remains under pressure as market expectations that the Fed will maintain high interest rates keep bond yields and the US dollar elevated. Additionally, following a prior strong rally, profit-taking in the precious metals sector is intensifying, adding further downward pressure on XAGUSD.
The preferred scenario is to wait for a price retracement to retest the upper boundary of the bearish channel. If rejection signals appear, XAGUSD is likely to decline toward the 55.26 zone—an area where a demand zone and significant liquidity converge. Only if the price breaks and closes above 59.96 on the H4 chart would the current bearish trend show signs of invalidation.
Fundamentally, silver remains under pressure as market expectations that the Fed will maintain high interest rates keep bond yields and the US dollar elevated. Additionally, following a prior strong rally, profit-taking in the precious metals sector is intensifying, adding further downward pressure on XAGUSD.
The preferred scenario is to wait for a price retracement to retest the upper boundary of the bearish channel. If rejection signals appear, XAGUSD is likely to decline toward the 55.26 zone—an area where a demand zone and significant liquidity converge. Only if the price breaks and closes above 59.96 on the H4 chart would the current bearish trend show signs of invalidation.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.