Stressed Silver Slips
Silver
Massive moves in silver continue. As we write, price is cracking below the 50-day, printing one of the largest down candles in months.
$72 is key support to watch. Below that, the 100-day sits near $65, while the 200-day remains much lower, around $51. Resistance levels come in at $84 and $88.
Source: LSEG Workspace
Sorry silver bulls
Extreme silver volatility will take time to fully reset. Volatility shocks don’t disappear quickly, they unwind gradually as positioning, leverage, and sentiment normalize. Volatility is its own asset class, very few actually trade it properly, and even fewer understand it.
Source: LSEG Workspace
Carry trade connection?
You don't trade silver explicitly off the JPY, but sharp swings in the yen trigger risk managers to cut VaRs, and those flows spill over globally.
Silver, dominated by fast and highly sensitive money, tends to feel those cross-asset tremors quickly. Chart shows silver vs JPY (inverted).
Source: LSEG Workspace
Possible?
Silver in the progress of making a giant HS formation?
Source: LSEG Workspace
Same suckers?
Silver, software and BTC moving in close tandem lately...
