XAGUSD Silver Holds Near Key Support as Sellers Stay in Control

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XAGUSD Silver Holds Near Key Support as Sellers Stay in ControlSilver / U.S. DollarFOREXCOM:XAGUSDProfessorSingapore🎯 Trade setup: Direction: Short from pullback 🔻 Entry: 58.20–58.40 🛑 Stop Loss: 59.05 🎯 Take Profit 1: 57.25 🎯 Take Profit 2: 56.60 📰 News: Silver received short-term support after softer U.S. inflation data weakened the dollar and helped precious metals rebound. However, the broader picture remains mixed: markets are still watching U.S. PPI, Fed commentary and Treasury yields. If inflation pressure returns, silver may face renewed selling pressure together with gold. 📊 Analysis: On the 1H chart, XAGUSD is trading near 57.85–57.90 and remains below EMA 9, EMA 20, SMA 50 and SMA 200. This shows that sellers still control the short-term structure. If the key support level breaks, bearish momentum may continue. MACD is slightly negative, RSI is near 39, and Stoch RSI is oversold, so a small pullback is possible before another move lower. Scenario: If XAGUSD stays below 58.40–59.00, sellers may push the price back toward 57.25 and lower. A bullish scenario requires a breakout and hold above 59.05. Until then, any bounce looks like a correction inside the bearish structure. ⚠️ Not financial advice.