Silver Downtrend Persists Below $63 After Record High
Silver (XAG/USD) remains under downside pressure following its all-time high, with Elliott Wave analysis indicating a bearish bias below key resistance at $63.
XAGUSD
Silver reached an all-time high of $121.6 on January 29, 2026, but has since entered a pronounced corrective decline. According to Elliott Wave analysis, the downside structure remains intact as long as prices stay below $63. The decline is expected to extend toward the 100% Fibonacci extension level.
Source: FXStreet Forex News