Dmitri Lysenko
⬤ Silver just had one of its roughest stretches in recent memory. XAG/USD dropped more than 39% in a single two-day window, completely erasing a 19-day rally. Here's the thing — the selloff hit fast and hard, with no clear fundamental reason behind it, which only made the whole thing feel even more jarring.
⬤ After climbing steadily through late 2025 and into early 2026, silver accelerated sharply higher before flipping into a near-vertical drop. Price plunged back toward the mid-80 level, unwinding weeks of gains in what felt like no time at all. The speed of that breakdown is what really stands out here.
⬤ No major news event triggered the drop, which makes it look more like the kind of wild swings you'd expect from a speculative market. Once sellers stepped in, the decline snowballed quickly — pointing to heavy leverage, forced liquidations, and a clean break from the uptrend structure that had held prices up during the rally.
⬤ This kind of reversal is a sharp reminder that even "safe" assets like silver can move violently when positioning shifts. How quickly sentiment flipped here will likely weigh on risk appetite across the precious metals space for a while.
Dmitri Lysenko
