Eseandre Mordi
⬤ Silver had a brutal session. XAG dropped around 26% in a single day — and that's the biggest one-day fall since the early 1980s. The chart tells the story pretty clearly: a sharp reversal from recent highs, with prices falling almost straight down before settling near the session low. Here's the thing — moves like this don't just happen. This kind of selloff puts silver among the most extreme single-day drops in its entire trading history.
⬤ But the intraday action was even wilder. At its worst, silver was down as much as 36% — the biggest intraday drawdown ever recorded for the metal. One dominant red candle on the chart says it all: an abrupt, aggressive repricing that happened incredibly fast. For a major commodity, a move this violent is extraordinarily rare.
Moves like this don't just happen overnight — when silver breaks like this, it's telling us something serious about where risk appetite stands right now.
⬤ What makes this even more striking is the context. Silver had been on a solid upward run before this collapse. So when it reversed, it wiped out a huge chunk of those gains in just one session. Momentum indicators flipped sharply negative, confirming just how sudden and severe this shift really was.
⬤ Record swings like this usually signal serious stress across commodity markets. As silver stabilizes after one of the most violent sessions on record, the big question is whether this was a one-off shock — or the start of a rougher stretch ahead for precious metals.
Eseandre Mordi
