Marina Lyubimova
⬤ Silver posted a solid 3% gain in the latest session after getting absolutely hammered during overnight trading. The metal went through some serious whiplash, bouncing between support and resistance like a pinball before finally catching a bid.
⬤ Looking at the charts, you can see the damage from recent sessions – repeated drops and recoveries that carved out a messy trading pattern. After grinding lower for a while, silver finally found its footing and managed to stage a decent bounce.
⬤ What we're seeing here is classic choppy action rather than any clean trend. Price keeps jerking around in tight ranges, making quick reversals that suggest traders are constantly second-guessing themselves. These aren't smooth moves – they're jagged, emotional swings that show the market can't decide on direction.
⬤ Why does this matter? Because when silver starts moving this fast in both directions within hours, it changes how traders position themselves. The rapid-fire price changes force quick decisions and can trigger stops in both directions, creating the exact volatility we're witnessing right now.
Marina Lyubimova
