Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data. At the time of writing, the XAG/USD trades at $29.98 and gains 1.69%. A double top chart pattern emerged in Silver’s daily chart, opening the door for further losses. Although the grey metal climbed toward the May 24 low, turning resistance at $30.05, buyers are struggling to reclaim $30.00, paving the way for further downside. If the XAG/USD falls below the latest cycle high seen on April 12 at $29.79, that would open the door to challenging $29.00. A breach of the latter will expose previous key ... (full story)