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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