XAG/USD: A Tactical Short Play Amidst Bullish Momentum, Targeting Key Support

While I'm generally optimistic about the metals complex, the current setup in XAG/USD presents a compelling tactical short opportunity. Silver has seen impressive bullish momentum, currently trading at 32.774 with an 0.84% gain over the last 24 hours, pushing into the higher end of its 32.363 — 33.185 day range. However, a deeper look at the data suggests we are ripe for a temporary pullback.

Technical Rejection at Resistance

My analysis indicates that XAG/USD is approaching a critical juncture where institutional order flow may shift. We've seen resistance forming around the 33.185 level, which marked the day's high, and the next significant resistance is at 33.5. My entry at 32.91 is positioned to capitalize on a likely rejection from these upper boundaries. This is a key level being tested, and historical price action suggests that extended