XAGUSD: Bearish Channel Dominates; 57.337 is a Key Selling Zone

XAGUSD is trading within a clearly defined bearish channel; the price currently hovers around 56.45 and remains suppressed below the Ichimoku cloud. Notably, any rallies toward the channel's upper boundary are quickly met with selling pressure, indicating that buying activity is merely short-term.

The 57.337 level is a key area to watch. If silver rallies to this level but fails to break out of the bearish channel, selling pressure could intensify, driving the price down to the 52.158 zone, as illustrated on the chart.

Entry Focus: Prioritize SELL positions around 57.00 – 57.337 upon signs of rejection.
Target: 52.158
Invalidation: The bearish scenario is invalidated if the price closes an H1 candle above 58.20.