Silver price will probably reverse its uptrend if it breaks below a key swing low.
The precious metal formed a bearish candlestick pattern on the daily chart last week.
It recently touched the top of a long-term range and is vulnerable to falling back down to the range floor.
Silver (XAG/USD) price is threatening to reverse its short-term uptrend and move lower within a range it has been yo-yoing within for almost a year – since April 2023.
The 4-hour chart, used by analysts to analyze the short-term trend, is showing warning signs of a potential trend reversal after the pair rolled over on Thursday.
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