XAGUSDSilver (XAG/USD)
75.79
-1.77%
SUPPORT:71.8967.2
RESISTANCE:79.784.39
Past
What happened
Silver dropped 177 bps to $75.79 as the industrial side of the metal got hit by a sliding Nasdaq and gold's safe-haven bid simultaneously evaporated under the yield assault.
Why
Why it matters
Silver is now trading like a 2x gold leveraged play: gold's $4 dip translated to a $1.40 silver hit. Solar-demand bull story remains intact but is being overwhelmed by macro de-risking flow.
Watch
What to watch
$74.50 is the next pivot; below it $72 (50DMA). A daily reversal needs $77.20. The gold/silver ratio at ~60 is mid-range — not screaming a regime change yet.
HEADLINES