Trader's Notes: XAGUSD (SILVER)Silver vs US DollarTICKMILL:XAGUSDTrade8Eight"Trader’s Notes" — brief market notes covering key observations, important price zones, and potential scenarios for trading instruments. Now, a couple of notes about XAGUSD 👇 📝 Notes: Events in the Middle East continue to put pressure on metals, as capital flows into the US dollar (as a safe haven asset). Unlike gold, silver is also an industrial metal, and the dollar's pressure is lower in this case. However, the current technical situation creates the preconditions for continued decline. The price has almost reached support at 74, an area last tested on May 21. A breakout is unlikely immediately, as this would be a Far Retest. It's best to wait for a factor confirming sellers' intentions, namely accumulation, which would indicate that buyers are unable to push the price higher this time. The likelihood of a downward breakout in this case is high. The potential for a fall lies in the direction of 70 and 65 based on the levels on the daily chart. 🎓 The logic behind this setup is explained in more detail in my education material, which can be found in Related publications: "Near and Far Retests: What Every Trader Should Know" If this post was useful, feel free to boost 🚀 it and share your view in the comments 💬 ⚠️ Disclaimer: This is a potential trade setup based on current analysis; market conditions and price direction are subject to change based on news factors and volatility. Please ensure you fully understand the risks and take appropriate care to manage your risk.