Silver (XAGUSD) remains in a strong bearish trend after a sharp impulsive decline. Price is now consolidating inside a symmetrical triangle, which appears to be a continuation pattern rather than a reversal.
As long as price remains below the descending trendline and the invalidation level, the bias stays bearish. A confirmed breakdown from the triangle could trigger the next leg lower toward the highlighted support zones.
Patience is key—wait for a bearish candle close below the triangle before considering an entry.
Trade Setup
📉 Bias: Bearish
🎯 Entry: On confirmed breakdown below the triangle (around 57.10 – 57.25)
❌ Stop Loss: 59.54
✅ Take Profit 1: 55.50
🏁 Final Target: 52.93
Key Levels
🔴 Resistance / Invalidation: 59.54
📍 Current Consolidation: 57.10 – 57.40
🎯 Take Profit 1: 55.50
🏆 Final Target: 52.93
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#XAGUSD #Silver #SilverAnalysis #Forex #TechnicalAnalysis #PriceAction #TrianglePattern #Bearish #TradingView #RiskManagement