Silver $100 Support SHATTERED: The "Great Reset" is Here 📉
If you followed my last post, you’re currently sitting in safety while the "falling knife" just took a massive chunk out of the market. $XAG didn't just test $100—it plunged straight through it, hitting a low of $81.45 yesterday. That is a 29% drop in a single session.
What just happened?
1️⃣ Warsh is Official: President Trump has officially nominated Kevin Warsh as the next Fed Chair. While Warsh has flirted with dovish rhetoric recently, the market still remembers him as a hawk. His nomination is seen as a "safe pair of hands" that favors private-sector credit over financial engineering, which sent the US Dollar into a massive recovery.
2️⃣ The Margin Flush: To cool the "speculative excess," the CME Group hiked margin requirements again. This forced a massive deleveraging event, wiping out $15 of silver's value in just a few hours as longs were liquidated.
3️⃣ New Reality: We are currently trading at $83.62, right in that "real buy zone" I mentioned. The 1,900% moon mission of 2025 has officially met its first real gravity test.
My Next Move:
Technical View: The $82–$85 zone is providing some initial support, but the daily candle is a brutal red "marubozu". I am waiting for the 4H timeframe to show a double bottom or a volume climax before I even think about a long entry.
Caution:
Bank of America recently estimated silver’s "justified" fundamental price at $60. While I think the industrial AI demand keeps us higher than that, the momentum is still firmly with the bears right now.
Capital preservation was the win today. 🛡️
Who caught the exit at $110? And is $83 cheap enough for you, or are we heading to the $70s? Let’s hear your plans below! 👇