Day before Yesterday’s $121 peak in $XAG proved to be a classic "blow-off top," and the subsequent 30% crash to the $85 zone confirms that the short-term trend has turned aggressively bearish.
The combination of Kevin Warsh's hawkish Fed nomination and the CME's margin hike has created a liquidity vacuum, turning previous supports like $110 and $100 into heavy overhead resistance. While the RSI at 22 suggests the market is oversold, the momentum remains firmly with the bears as long as the price stays below the MA(99) at $107.
If the current $80–$85 structural floor fails to hold on a daily close, expect a further flush toward the $70 psychological support.
XAGUSDT
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