SILVER (XAGUSD): Bearish Move From Resistance

The price of SILVER appears to be bearish following a test of significant resistance levels, based on a horizontal and vertical trend line.

Initially, the pair traded within a range before dropping sharply after testing a downward trend line.

This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will continue to decrease, with a target of 30.00.