$XAG Silver's move is amplified (higher beta/ volatility compared to gold) — the -12%+ daily drop is extreme.
Oversold conditions are very pronounced here — RSI likely << 30 on multiple timeframes. Support zones to watch: Immediate: $71–$72 (current area + today's low). Next: $69–$70 (Bollinger lower band extension + psychological). Deeper: $65–$68 (if breakdown continues — prior major support areas). Resistance (for any bounce): First: $75–$78 (prior minor support / breakdown area). Stronger: $82–$87 (Bollinger middle band + recent structure). Major: $90–$98 (previous support cluster).
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$XAG Silver's move is amplified (higher beta/ volatility compared to gold) — the -12%+ daily drop is extreme.
Oversold conditions are very pronounced here — RSI likely << 30 on multiple timeframes.
Support zones to watch:
Immediate: $71–$72 (current area + today's low).
Next: $69–$70 (Bollinger lower band extension + psychological).
Deeper: $65–$68 (if breakdown continues — prior major support areas).
Resistance (for any bounce):
First: $75–$78 (prior minor support / breakdown area).
Stronger: $82–$87 (Bollinger middle band + recent structure).
Major: $90–$98 (previous support cluster).