Silver and gold start the week in damage control. Last week’s dramatic move wiped out over US$15 trillion in value as silver crashed ~30% and gold ~10%.
What matters now is whether price action confirms that sellers are still in control.
The current bounce visible on the 4H chart still leaves silver well below the 20-day moving average ($92 on the 1-day chart). $91–92 is the next overhead test, followed by the $97–100 range if bulls regain control. Unless silver forms a clear base with higher lows, this could remain a high-volatility correction environment.
Despite the crash, silver could retain its longer-term bullish tailwinds, including industrial demand, safe-haven interest, and a persistent supply deficit.
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Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
