I just noticed wild movement on the silver chart — the price jumped 9% in a day, from $63.90 to $77.85. Such fluctuations are rare. It seems the market experienced a serious liquidity panic and then quickly rebounded. That’s volatility!

Silver has fallen more than 30% from its highs above $120 at the end of last year. The standard reason is the strengthening dollar, tightening conditions, and a general outflow from risk assets. But interestingly, the price is now holding around $72-73 and isn’t falling further. It looks like there is strong support here.

Technically, the situation is as follows: if silver breaks above $92, it will significantly change the sentiment. That’s a historical supply level, and its breakout could open the way to $94. If it doesn’t hold at $72, it risks dropping to $60. Currently, the price fluctuates in the range of $77-78, but this could be a corrective bounce rather than the start of a new trend.

Clearer clarity in the coming days is unlikely. The chart shows a classic post-panic consolidation. Momentum indicators give mixed signals — RSI around 40 indicating (oversold), while MACD is bullish. The main thing for traders now is to watch these key support and resistance levels.

Macroeconomics also exerts pressure: everything depends on Fed policy and real interest rates. If rates fall, silver could recover faster. Long-term demand for silver for solar panels and electronics remains healthy, but short-term price depends on positioning and market sentiment. We’re watching the chart more closely.