Silver XAGUSD Chart Technical Outlook rallies could find sellers, short pullback eyes on 24.25
Silver (XAG/USD) trades in a contracting structure with a bearish bias and has more room for the downside.
Intraday charts show oversold conditions at the support zone between 50% and 61.8% Fibo retracement levels.
Current prices are at the middle of the range, not offering a trading value.
I expect rallies to attract sellers. It has resistance at 24.25. If broken, 24.85 is the following one.
Supports are at 23.30, 22.70, and 22.35.
Short buy expected til 24.25
