Silver peaked at approximately $115. This was followed by a sharp decline. Currently, the Lower high is around $95, and the Lower low is around $63. We can say that the trend has broken and a bearish structure has begun.

74.9 (1.618 fibo) → strong resistance (struggles on pullbacks)
60.7 (1.272 fibo) → current main support
54.9 → next target (if support breaks)
A bounce reaction from the 60–63 zone appears quite likely.

#Silver is an industrial metal investment vehicle. Its biggest difference from gold is that it is a semi-industrial metal. In other words, it is an asset with declining growth expectations in times of war and economic uncertainty. In these risk periods, volatile assets and industrial metals are always sold first. This is why Silver becomes a direct target here.
Technically, silver's price rose very quickly. 90% of such moves are retraced at the same speed. So we can say this decline is actually a correction of an exaggerated rally.
The simultaneous decline of Gold and Silver shows that the market doesn't want to take risk and whales want to remain in cash. $USD demand is suppressing assets like gold and silver. In this scenario, the $60 support needs to be monitored carefully.

⚠️ #reklam veya yatırım tavsiyesi değildir. Analiz şahsi görüşümdür. Kesinlik içermez. $XAG #Xagusd