slv

$SLVon (iShares Silver Trust on Ondo) shows a sharp correction after reaching a peak of 80.8657. The price has dropped significantly, currently testing the $70.79 level, which represents a key psychological and technical support zone. This steep decline has pushed the asset into an oversold territory on shorter timeframes, potentially setting the stage for a relief bounce.
If the bulls can defend the $70.00 area, we may see a period of consolidation followed by a recovery attempt toward the mid-$70s. However, failure to hold this level could lead to a further retest of the $65.52 support established earlier in the trend. Traders should look for a reversal candle pattern or a spike in buying volume at these current levels to confirm a local bottom.
Target 1: $74.20
Target 2: $77.80
Target 3: $81.00
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SILVER SPOT SURGES 3% TO $89.11 – $SLVon ON THE RISE 📈

Spot silver climbed 3% to $89.11 per ounce, while New York COMEX silver jumped 5% to $89.88. The move reflects renewed demand for safe‑haven assets amid ongoing market volatility.

Liquidity remains solid on top‑tier exchange, with $SLP trading volumes expanding as investors seek tokenized exposure to precious metals. The price action suggests short‑term upside, yet macro pressures could limit further gains.

Not financial advice. Manage your risk.

#Silver #Commodities #Crypto #MarketUpdat #SLV

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