Silver Price Analysis: Bears take over and print fresh lows

• XAG/USD bears take control to test bull's commitments at key support.
• Bulls might look to test the best at the 4hour 61.8% Fibo confluence resistance area. 

The bulls were denied a more significant correction towards the 38.2% Fibonacci of the prior daily bearish impulse and instead, the 23.6% Fibo resistance and the confluence of the 10-day EMA played their role.

Daily chart

Daily support of 25.70 is now the focus and bears will need to close below there to open risk towards 25.45 8 and 9 April resistance structure. 

4-hour chart

The 4-hour chart shows that the price is correcting at support and it could be destined to the 61.8% Fibonacci retracement of the latest 4-hour bearish impulse that meets the 21-EMA and prior support.