Continue to track the trend of silver$XAG .

Yesterday, silver plunged, breaking below the $100 level.
After a two-week surge of 50%, silver reached a high of $121 this week, hitting the target of $120 and then retracing as expected.
The current correction is a healthy and normal market reaction—there must be rises and falls.
The market is overbought and needs to digest this through a correction or sideways consolidation, which is an inevitable technical aspect!
No need to overthink; a crash is unlikely, and this is not the top of a bull market. These marketing narratives are not realistic.
In terms of absolute amount, silver's volatility is not as good as gold.
But if calculated by percentage, its volatility is much more significant.
Currently, silver's volatility level and Bollinger Band width are the highest since the 1980s.
This rare decades-high volatility indicates that short-term market uncertainty has increased significantly.
Such a level of volatility can cause silver to fluctuate wildly up and down, potentially rising rapidly and sharply, or dropping suddenly into deep decline. Even experienced traders find it difficult to master short-term operations. Betting on these fluctuations is high risk.
Overall, silver's correction needs to first digest the previous overbought condition before moving higher.
The previous correction target was around $90, and the current level has already fallen below it. It remains to be seen whether it can recover and stabilize above $90. #贵金属行情下跌