Silver XAG/USDSILVER (US$/OZ)TVC:SILVERGuardianFX#Silver #XAG Many comments suggest silver will rocket higher again, but caution is advised in the short term (weeks). I anticipate silver heading lower, possibly to the $60-$55 range, which would present an excellent buying opportunity if it reaches that point. Of course, I could be mistaken. 📈📉 Short term fundamentals Every time Iran headlines heat up (fresh strikes, Hormuz blockade updates, rejected ceasefires), investors pile into the dollar as the ultimate safe-haven. That pushes the greenback higher and makes dollar-denominated silver more expensive for the rest of the world, classic headwind. We’ve seen this pattern repeat since late February: USD spikes = silver sells off. Technicals Weekly timeframe: Test and rejection off 61.8 Fib. Rejection off broken trend line. Bearish with a close below the previous week. Doji. Daily time frame: Underneath and a rejection off the 50MA. Possible H&S formation. What I intend to do. I will wait for the open on Monday AEST. Monitor geopolitical environment. keep an eye on the next daily close. However, I'll will try to keep the posts updated.