XAGUSD may fall below 61.0.

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XAGUSD may fall below 61.0.Silver / U.S. DollarFOREXCOM:XAGUSDXTrendSpeedOn the daily chart, XAG/USD is trending lower with volatility, and the bears hold the upper hand. The price is currently trading below the downtrend line; as long as this level remains unbroken, the trading strategy is to sell into rallies. Key support lies near the 61.0 level; a break below this could open up further downside potential, with a target near 54.5.