Signal XAGUSD Sell — H4 - July 8, 2026 03:31 GMT-4
On the H4 timeframe for spot silver (XAGUSD), the recent price action reveals a clear bearish trend. The pair has been consolidating within a descending channel, with key resistance at 62.00-62.50 and support at 58.00-58.50. The last few candles show a decline from the high of 62.375 to a close near 60.338, indicating weakening buying pressure. Volume has been mixed but notably higher on the most recent candle (39,694), suggesting increased liquidity and potential for a sustained downward move. The current price is near the upper boundary of the consolidation range, which may act as a trigger for a corrective…