Helena Izotova
⬤ Silver just went through an absolute bloodbath over the past three sessions, shedding roughly 41% of its value in what can only be described as a brutal selloff. The carnage has pushed the metal down to a critical technical zone around $88, which lines up perfectly with a rising trendline that got completely smashed during the decline. The chart tells the whole story — what used to be solid support is now looking like a wall silver needs to break through.
⬤ Before everything went south, silver was riding a clean uptrend, supported by a rising trendline that held for months. Then the floor fell out. Prices crashed right through that structure in a decisive breakdown that left no room for interpretation. Since bottoming out, silver's tried to mount a comeback, but that former support near $88 has flipped into potential resistance — exactly what you'd expect after a trendline gets violated this hard.
⬤ The chart shows silver's attempting a bounce, but it's still trading below that broken trendline, which leaves the whole setup looking shaky. If it can reclaim $88, that'd signal the worst of the selling is probably over and the market's finding its footing. But if it fails to push back above this level, then this wasn't just a quick correction — it's a sign something bigger shifted, and the downside risk stays very real.
⬤ This moment matters beyond just silver. The metal typically reflects both industrial demand and broader risk appetite, so what happens at this $88 trendline will tell us whether this was a one-time shock or the start of a deeper unwind. With volatility still running hot, how silver handles this technical test is going to set the tone for momentum across the entire precious metals space.
Helena Izotova
