XAGUSD: Sellers Still Holding PressureSilverOANDA:XAGUSDParadise_NoirOn the H1 timeframe, XAGUSD is showing a rather sensitive state: the price is no longer falling sharply in a panic-style manner, but each rebound lacks sustained momentum. This usually reflects a lack of new buying pressure, mainly short-term technical rallies before sellers continue to test lower support levels. Structurally, silver remains within a short-term downtrend channel. The upper edge of the channel, along with the Ichimoku cloud, is forming dynamic resistance around 73.50 – 73.90. As long as the price remains blocked below this area, the advantage still leans towards the sellers. More notably, recent lows have not generated clear upward momentum, indicating that the support area around 72.00 is gradually eroding. The macroeconomic context is also not favorable for silver. The market is awaiting US labor data, while the USD and yields may still be supported if the NFP (National Profit and Output Index) remains strong. With an asset like silver, which has both precious metal and industrial properties, the "wait for big news" mentality often makes rallies less sustainable. If XAGUSD breaks below 72.00, selling pressure could extend to 71.60. Conversely, if the price clearly breaks above 73.90, the short-term bearish scenario needs to be reassessed. SELL when the price retraces to 73.40 – 73.90 and a rejection signal appears. SL: above 74.20 TP: 72.00 – 71.60