#Silver

*Silver Sinks 6% to $78.52, Holds Above $77.71 Support*

Silver/XAGUSD is trading at $78.51890 on the 45-minute chart as of 20:31 UTC, down 6.03% on the day after a sharp selloff erased most of the week’s gains.

The metal collapsed from above $86 to a session low of $77.71, finding temporary support in the pink demand zone. Buyers have managed to hold the line so far, but bounce attempts remain weak. Price is now consolidating just above $78.50, with resistance capping moves near $79.39.

*Key Levels to Watch*

- *Resistance*: $79.39 is the immediate hurdle. Above that, $83.57 and the $85.71-$85.98 supply zone stand in the way. A break above $86.13 would be needed to turn the short-term bias bullish.

- *Support*: $77.71 is the key level holding for now. A break below opens the path toward $76.75 and $75.66.

*Outlook*

The structure stays bearish while silver trades below $80. The sharp drop shows sellers are firmly in control, and any bounce toward $79.39 is likely to meet renewed selling.

For now, the bias remains negative as long as price stays under $80. A daily close below $77.71 would confirm further downside toward $76.75 and $75.66.