Signal XAGUSD Sell — H1 - July 4, 2026 11:14 GMT-4
The H1 chart of XAGUSD (spot silver) shows a clear bearish consolidation pattern, with price repeatedly testing upper resistance near 62.50 and failing to sustain bullish momentum. Recent candles exhibit lower highs and lower lows, forming a descending channel that suggests a potential breakout toward the lower end of the range. The close at 62.389 is near the upper boundary of this consolidation, indicating weak buying pressure. Volume has been declining consistently, which aligns with the weakening bullish trend and may signal a shift toward bearish dominance. The prior high at 62.50 acts as a key resistance level, and the…