Hello traders, SILVER / XAGUSD Sunday's technical analysis of the pair on a 1-hour chart. Here, the price at the level of 56.45 may have reached the maximum timeframe and is preparing to correct downwards from there. The price will be testing a large red zone. It may fully test the red zone and correct down to test support levels: the moving average (MA) - the blue line at 52.30, the red line at 51.15, and the black line at 50.05. The price may break below the black MA level and head towards testing the double bottom level at 48.85. The oscillator indicates that the price is overbought. It is testing the maximum. It will finish working in the overbought zone and move downwards.
