$XAG DOWN 2% – CORRECTION OR START OF A BIGGER DROP?!"



Silver (XAG) is down 2% today, pulling back after a strong rally last week. The daily chart shows a bearish engulfing candle forming – a warning sign that the uptrend might be pausing.

The key support sits at $56.80. If that breaks, we could see a deeper correction toward $55.50. Resistance is now at $58.00.

I'm watching the $57.00 level closely. This is where the short-term trend will be decided.
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XAG-3.34%
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