Artem Voloskovets
⬤ Silver took a quick dive early in the session, dropping below short-term support before buyers jumped in and pushed it back toward the mid-$65 zone. The recovery was sharp, but the bounce ran out of steam just above $66, where resistance continues to hold. That ceiling has kept silver locked in place, with neither side able to take full control.
⬤ The $65 level is now acting as weak support after getting tested and reclaimed. If that breaks again, the next meaningful floor sits around $63.80, which lines up with the lower edge of the rising channel silver's been trading in. Right now, price is stuck between moving averages and not showing much conviction in either direction. The technical setup suggests consolidation rather than any real momentum building.
⬤ The wild swings are partly due to OpEx quad witching, a session that tends to bring choppy, liquidity-driven moves as traders adjust positions. That explains the sudden drop followed by the quick rebound—it's less about fundamental shifts and more about short-term flows moving the market around. For now, silver is caught in the middle, with sellers showing up at resistance and buyers defending the lows without much follow-through on either side.
⬤ Until silver breaks cleanly above $66 or below $65, expect more of the same—choppy trading driven by technical levels and liquidity rather than any clear trend. The $63.80 support zone is where real buying interest is likely to appear if things slide further, but for now, silver looks set to keep bouncing around inside this range.
Artem Voloskovets
