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Silver’s Sharp Retreat Tests Key Support as Correction Deepens
Silver’s Sharp Retreat Tests Key Support as Correction Deepens
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BTCCSquare news:
Silver prices breached critical support at $68, shedding 5.6% in a single session as bearish momentum overpowered rebound attempts. The white metal now tests levels last seen during its 2026 parabolic rally, with year-to-date gains shrinking to 46.25% after a 23.8% monthly drop.
Industrial buyers and macro funds monitor the $67.24-$73 range for signs of stabilization. Despite the pullback, silver maintains a 99.7% annualized return—a divergence suggesting either profit-taking or fundamental repricing.
Chart patterns show accelerating downside volatility, with the commodity failing to hold above its 50-day moving average. The selloff mirrors pressure across precious metals amid dollar strength and reduced Fed pivot expectations.
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