XAG/USD: A Tactical Short as Immediate Resistance Holds – Eyeing a Healthy Retracement Before the Next Leg Up

Technical Setup & Entry Rationale

Good day, traders. My focus today is on Silver, XAG/USD, which is currently trading around 32.4109. We've seen a relatively flat 24-hour change of -0.27%, indicating a sideways trend. Looking at the day's range between 32.2772 and 32.5446, it's clear that the immediate resistance at 32.5446 is proving to be a formidable barrier. This is a key level being tested, and it's holding firm for now.
Given this context, I