SILVER (XAG/USD) Price Action Analysis - breakdown to the nearest bearish target

W1 price is isbelow 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition: the price broke 14.71 support level for 14.26 target which is going to be broken for now. Symmetric triangle pattern was formed by the price and it was the broken to below for the bearish breakdown to be continuing. There are the following key reversal resistance levels for the pair:

• 17.75 resistance level located near 100 SMA on the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish reversal of the price movement will be started; and
• 13.96 support level located below 100 SMA/200 SMA in the bearish area of the chart; if the price breaks this level from above to below so the bearish trend will be continuing with a good breakdown possibility up to the new 'bottom' (new support level) to be formed.
  

If the price will break 14.26 support level so the primary bearish condition will be continuing with the secondary ranging up to 13.96 as the next real bearish target.
If the price will break 13.96 support level so we may see the bearish breakdown.
If the price will break 17.75 resistance level from below to above so the bullish reversal of the price movement will be started.
If not so the price will be ranging within the levels.

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