Silver Trapped in a Descending Channel – Breakdown to 72SilverOANDA:XAGUSDGoldEmpireTradersSilver XAGUSD on the H1 timeframe is currently trading inside a clear descending channel after a strong rejection from the major resistance zone around 96. The sharp sell-off that followed signals a shift from the previous bullish momentum into a short-term corrective phase. Since then, price has been forming a sequence of lower highs and lower lows, confirming the bearish structure within the channel. At the moment, price is approaching the mid-range of the channel while reacting slightly above the intraday support area near 78–80. This support zone has already provided a temporary bounce once, which suggests that buyers are still defending this level in the short term. Because of this, the market may attempt a corrective move toward the upper boundary of the descending channel before the next directional move develops. However, the broader technical structure still favors the downside while price remains below the channel resistance. If sellers continue to control the trend and the support zone eventually fails, silver could extend its decline toward the next liquidity target around 72, which aligns with the projected channel breakdown target and a previous structural level. From a macro perspective, silver remains highly sensitive to movements in the U.S. dollar and real yields. If the dollar strengthens or U.S. yields continue to rise, precious metals could face additional pressure, supporting the bearish continuation scenario. On the other hand, any signs of weakening economic data or expectations of a more dovish Federal Reserve could trigger short-covering rallies in metals, allowing silver to temporarily rebound toward higher levels within the channel. In the near term, the descending channel remains the key technical structure to watch. A rejection from the upper boundary would likely confirm continuation toward the 72 target, while a breakout above the channel could invalidate the bearish setup and shift momentum back toward the 88–90 region.