XAG/USD - Under Pressure, 60.00 Comes Back

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XAG/USD - Under Pressure, 60.00 Comes BackSilverOANDA:XAGUSDAuricVerse_HQXAGUSD remains trapped below the main descending trendline, while the latest rebound has failed to regain the 63.33–66.02 sell zone decisively. Price is also struggling around the Ichimoku structure, keeping the H4 bias tilted lower. Rather than chasing the current move, I’m watching for any weak recovery back into the sell zone. If sellers continue defending this area, the next downside level on my radar is: 🎯 Target: 60.04 Macro Market: the backdrop is currently supportive of the bearish technical view. Silver has fallen toward $64 as stronger US business activity, higher Treasury yields and rising expectations for another Fed hike strengthen the Dollar and increase the opportunity cost of holding non-yielding metals. FXStreet specifically notes that rising Fed-hike odds are weighing on XAGUSD today. A sustained H4 recovery above 66.02 and the descending trendline would weaken the bearish setup. AURICVERSE View: Silver is still producing lower reactions beneath trendline resistance. As long as 63.33–66.02 continues to reject price, 60.04 remains the downside objective I’m watching.