On the daily XAGUSD chart the metal has been carving a classic bearish channel since the early‑April rally to the 86 USD level. The high on 2026‑04‑25 (86.10) was followed by a sharp pull‑back, and the last ten closes have been successively lower, forming lower highs and lower lows. Volume surged during the peak, then remained elevated on the down‑moves, confirming strong selling pressure. The current price sits near the lower edge of the channel, around the 75 USD area, where the previous swing low acted as a resistance that failed to hold. With momentum indicators still negative and volume…

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