Silver price XAGUSD displays bullish signs in the form of a 'selling-climax'-like price action near to 52 week. This could be exhaustion on the part of sellers and potential for a double bottom bullish reversal setup. There is however also a flag-like pattern that suggests continuation of the near term down trend that started in November last year. Therefore there is chance for price to go lower. For a price reversal to succeed in favour of bulls, price must penetrate the overhead confluence zone around 20.50-60 (blue horizontal line) decisively. A bull-trap at the same zone would be a signal for bears.