Signal XAGUSD Sell — H4 - July 7, 2026 15:49 GMT-4
On the H4 timeframe for XAGUSD, spot silver has been consolidating within a descending channel since the bullish breakout above 61.004 in the previous week. The recent candle closes (58.808, 58.277, 57.506) reflect weakening momentum, with volume contraction below 50k confirming diminishing buyer interest. A key bearish setup emerges as price approaches the 60.04 level, which aligns with the 4-hour low from the 2026-06-23 window. The prior high of 61.655 acts as immediate resistance, while the 58.048 low serves as critical support. The formation of lower highs and higher lows suggests a potential trend reversal, with the current consolidation phase…