The best litecoin minersilver market opened the trading week with downward momentum as XAG/USD retreated below the psychologically significant $32 threshold. This movement interrupts a three-session advance that previously pushed the white metal to its highest level in over a week.

Market technicians observe several noteworthy developments in the silver charts. The recent upward move surpassed the 50% retracement level from March's peak to last week's annual low, signaling potential strength. However, the failure to maintain ground above the 61.8% Fibonacci level suggests some hesitation among market participants.

Key resistance currently sits at the 200-period moving average on the four-hour timeframe, positioned between $32.55-$32.60. A decisive break above this barrier could open the path toward $33.00, with subsequent targets at $33.20 (78.6% Fib) and the $33.50-$33.55 congestion zone.

From a support perspective, the $31.30-$31.35 region represents a critical area where buyers may re-enter the market. This zone coincides with the 50% retracement level and could provide a springboard for renewed upward momentum. Should this support fail, attention would shift to $31.00, followed by $30.55 (38.2% Fib) and the psychologically important $30.00 threshold.

Market participants should note that daily chart indicators haven't yet confirmed a bullish reversal pattern, suggesting patience may be warranted before establishing significant long positions. The coming sessions will be crucial for determining whether this pullback represents a temporary consolidation or the beginning of a deeper correction.