The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
XAGUSD continues to move within the Triple Three wave structure. Now, apparently, the formation of the wave [xx] has completed on the chart and the development of an upward movement can be expected with the wave [z].
An internal structure is a flat correction. At the moment the price is moving within the wave (y). After the completion of this wave, a more directional price movement is expected.
Despite the current downward movement on the XAGUSD chart, the situation may change soon. The corrective wave is close to completion, which may indicate the possibility of a price reversal.
In the current situation, it is worth paying more attention to long positions.