Angehefteter Tweet
From a charting perspective, silver's brutal and historic selloff yesterday was a necessary reversion to the mean.
As you can see from the continuous daily chart of prompt month CME futures, yesterday's selloff tagged the 50-day moving average (currently near $73.50/oz as of Friday’s close) practically to the penny. Historically, the 50-day MA has been an important support/resistance level.
That said, selloffs of this magnitude are rarely "one and done", so I would expect some more follow through in the coming days, perhaps to the 20- or 50-week moving averages (currently near $61.45/oz and $45.90/oz as of Friday’s close) before establishing a bottom.
As always, this is just an opinion, and not financial advice. Stay safe and prudent! - Chris
(Snapshot of @CMEGroup #Silver Futures Continuous Contract, courtesy @MarketWatch, approximately 4:00PM CST 1/30/26)
$SLV
English
