■ Silver extends decline as Fed rate cut expectations diminish

■ Resilient US economic indicators push back timeline for monetary easing

■ Technical setup shows bearish momentum building below key moving averages

The Meme coin Binance Price Predictionsilver market continues its downward trajectory during European trading hours, with XAG/USD approaching the psychologically important $22.00 level. This movement reflects shifting market expectations regarding the Federal Reserve's monetary policy path, as recent economic data suggests the US economy may not require immediate stimulus.

Market sentiment has undergone significant transformation since last week's strong employment report. Risk assets appear vulnerable as traders reassess their positions, with S&P 500 futures giving up earlier gains. The US dollar finds renewed demand, climbing toward 104.60 on the DXY index, while Treasury yields show mixed performance with 10-year notes hovering near 4.14%.

Federal Reserve officials have consistently emphasized the need for patience regarding policy adjustments. Their cautious stance stems from concerns that premature rate reductions could reignite inflationary pressures through increased economic activity. This perspective has gained traction following recent economic releases showing continued resilience in multiple sectors.

With limited high-impact data scheduled this week, market participants will closely analyze remarks from Fed officials for additional policy clues. Chicago Fed President Loretta Mester's upcoming comments may provide valuable insights into the central bank's thinking.

Technical Perspective on Silver

From a chart perspective, silver faces immediate support near $21.88, a level that previously marked the November low. The metal's failure to sustain above the 200-day EMA (currently near $23.20) reinforces the bearish medium-term technical picture.

Momentum indicators confirm the negative shift in market sentiment. The RSI's descent into the 20-60 range from its previous 40-80 bullish zone suggests increasing selling pressure. Traders should monitor whether the $22 area can attract sufficient buying interest to stabilize prices.

Critical Chart Levels

Key resistance now stands at the recent breakdown point near $22.50, followed by the 200-day EMA. A sustained move below $22.00 could open the door for a test of the November lows, while recovery above $22.50 might signal temporary stabilization.