The silver price (XAG/USD) continues to experience a downward trajectory for the second day, currently trading around $33.70 per troy ounce during European trading hours on Monday. Despite this drop, silver remains near its five-month high of $34.08 reached on March 14. Traders should remain cautious and keep an eye on market movements, as silver’s resilience near these highs can influence price actions significantly. This situation presents a vital point for traders to assess their strategies.