Silver at $73.42 Locks Bearish Triangle, Targets $68 Downside

Silver (XAG/USD) traded to $73.42 on April 28, down 2.78%, confirming a bearish descending triangle on the daily chart with falling volume, downward MACD cross, and broken RSI trendline. The pattern projects a measured move to $68, aligning with the 0.618 Fibonacci at $68.85, while 4-hour charts show channel breakdown and RSI near 32 hinting at a possible short bounce before continuation. Fundamentals like a stronger USD and oil-driven inflation fears amid US-Iran tensions bolster the downside. A close above $89 invalidates the bearish setup toward prior highs.