XAGUSDSilver (XAG/USD)
77.69
-8.50%
SUPPORT:75.8172.05
RESISTANCE:79.5883.34
Past
What happened
Silver crashed 8.5% to $77.69 in the heaviest single-day drop of 2026 — a leveraged unwind of the speculative long that built around the AI-build-out copper/silver narrative.
Why
Why it matters
Industrial demand thesis didn't change, but positioning got crowded. Once gold cracked and real yields surged, silver's beta did the rest. This is a positioning flush, not a fundamentals shift.
Watch
What to watch
$74.00 is the 100-day and the obvious shelf. A bounce off there + a stabilising gold tape would set up the 'shake-out, then resume' playbook; a clean break opens $70.
HEADLINES
- Gold and silver prices today, Friday, May 15: Prices headed for weekly losses with Iran negotiations at a standstillYahoo Personal Finance
- Silvercorp Metals (TSX:SVM) Valuation Check After Strong Share Price Rally And Reported Net Income LossSimply Wall St.
- This Silver Miner Sees Rising Profits And A Top Producing QuarryInvestor's Business Daily
- Elemental agrees to acquire Vizsla Royalties for $239mMining Technology
- Basic Materials Roundup: Market TalkThe Wall Street Journal