XAGUSD – Sellers Remain in Control Despite Silver's RecoverySilverOANDA:XAGUSDParadise_NoirHello everyone, XAGUSD has staged a solid recovery following its recent sharp decline, but I still favor a bearish outlook in the short term. Concerns over the Fed's restrictive monetary policy and elevated U.S. Treasury yields continue to weigh on precious metals. Although buying interest has started to return, I believe the current rebound should be approached cautiously, as the broader market trend has yet to show convincing signs of a reversal. Looking at the 12H chart, silver remains within a descending channel, maintaining a clear sequence of lower highs. After bouncing from the $49 area, price has recovered toward $53.14 and is now approaching the $53.50–$55.25 resistance zone. Notably, this area sits just below the Ichimoku Cloud and near the upper boundary of the descending channel, making it a key barrier buyers must overcome to sustain the recovery. I still view the current rebounds as opportunities to watch for sellers stepping back in, rather than signs of a new bullish trend. If XAGUSD continues to face rejection around the resistance zone, I expect price to turn lower and revisit the $46.50–$48.50 support area, where buyers previously showed a strong reaction. Overall, the recent recovery has not been enough to invalidate the bearish structure on the 12H chart. As long as the resistance zone continues to hold, I remain bearish on XAGUSD, with the key support area below as my primary downside target. Wishing you successful trading and good luck!