Silver declined during recent intraday trading after the $60.00 resistance level halted its latest recovery attempt, bouncing lower as selling pressure continued to dominate.

Silver remains below the EMA50, which continues to act as dynamic resistance and reinforces the dominance and stability of the short-term bearish trend. Meanwhile, relative strength indicators began to send negative signals following the formation of a bearish divergence, signaling weakening buying momentum and increasing the likelihood of further losses in the near term.