On the H4 chart of XAGUSD, the market has been carving a descending channel since the early June swing high around 62.3. The latest four candles show a clear breakdown: the penultimate candle closed near the top of the range at 61.63, then the most recent candle opened at 61.64, made a lower low at 60.63 and closed at 60.74, hugging the low‑side of the bar. Volume on the breakout bar (≈38k) is well above the recent average, confirming the bearish pressure. With the price now trading below the 61.0‑61.5 resistance band and the 60.6 low acting as a new…

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