Silver prices are exhibiting a downward trend as they consistently post lower highs since reaching a peak of 33.70 last week. This recent price action is forming a descending triangle pattern, which is considered a bearish indicator. Should XAG/USD drop below the 32.60 to 32.70 support area, traders should anticipate potential targets at 32.15 and 31.70, making this crucial for future decision-making in silver trading.