Edward Culchenko
⬤ Silver got hammered during the Asian session, showing just how much regional trading can move the needle on price action lately. Volatility has spiked hard, making it tough to pin down exact short-term levels even though the bigger picture hasn't really changed. The chart shows a sharp drop from higher ground followed by some stabilization in the lower part of the range.
⬤ The broader trading range stretching from around $69–$70 support up to $100–$102 resistance is still running the show. Price couldn't hold above $91 recently and earlier bounced after dipping under $75, proving both ends of this range are very much alive. This back-and-forth action looks more like rotation than any real directional move.
Volatility has increased significantly, making precise short term levels difficult to define while the broader structure remains unchanged.
⬤ The $85–$86 zone keeps acting as the pivot point inside this range—the spot where momentum regularly flips between bulls and bears. Push above it and you usually see recovery attempts gain traction; drop below and the pressure tends to build again. Right now XAG sits in the lower half after that Asian session drop, but nothing's broken structurally yet.
⬤ Silver is still playing by range rules rather than trending anywhere meaningful. A clean break past either $69–$70 or $100–$102 would probably kick off the next real directional move, but as long as price keeps reacting around that $85–$86 pivot, expect more of the same balanced back-and-forth across different trading sessions.
Edward Culchenko
