XAG/USD: Tactical Short Play as Overhead Resistance Holds Firm

Market Dynamics & Technical Confirmation

Despite my generally optimistic stance on precious metals, the current market structure for XAG/USD presents a clear tactical short opportunity. Silver is trading at 32.312, having registered a -0.58% change over the past 24 hours, firmly indicating a bearish short-term trend. The day range, from 32.03 to 32.594, highlights the resistance holding around the upper end of this daily fluctuation. We’ve seen multiple rejections from the 32.594 level, and even the psychological 33.00 mark serves as strong overhead resistance. This confluence of factors