Technical Update - Correction in Gold, Silver and Copper unfolding. Here are the levels to look out for

Silver XAGUSD. Bears finally seem to be taking control after the precious metal traded sideways out of its rising channel to trade in a wide range between 24.50 and 23.10. If Silver closes below 23 and below 55 daily SMA selling pressure is likely to increase pushing Silver down to support and 0.382 retracement around 22.04.
If closing below 22 further selling could push Silver down to the 200 daily SMA.
For Silver to resume uptrend a close above 24.50 is needed. If that plays out no resistance until around 25.85

Medium term Silver has fallen short of the strong resistance at around 25.85 but almost reached its potential target of the inverted Shoulder-Head-Shoulder pattern just below 25.
A correction down to test the SHS neckline and the 55 weekly SMA seems plausible. .

Copper. Uptrend has been showing weakness for a couple of weeks now drawing the picture of a correction picture. Support at 410. A close below is likely to further fuel a sell-off down to 0.618 retracement at 395. A dip down to test the lower rising trendline is not unlikely.

Medium-term Copper reached the 0.618 retracement of the Q2-Q3 2022 downtrend around 431. If the ongoing correction push Copper to close a week below its 55 weekly SMA selling pressure could remain for a bit longer before buyers come back in.

RSI divergence explained: When instrument price is making a new high/low but RSI values are not making new high/low at the same time. That is a sign of imbalance in the market and an weakening of the uptrend/downtrend. Divergence or imbalance in the market can go on for quite some time but not forever. It is an indication of an exhaustion of the trend