Silver $100 Support SHATTERED: The "Great Reset" is Here đ
If you followed my last post, youâre currently sitting in safety while the "falling knife" just took a massive chunk out of the market. $XAG didn't just test $100âit plunged straight through it, hitting a low of $81.45 yesterday. That is a 29% drop in a single session.
What just happened?
1ïžâŁ 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.
2ïžâŁ 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.
3ïžâŁ 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 $82â$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 silverâs "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. đĄïž
Who caught the exit at $110? And is $83 cheap enough for you, or are we heading to the $70s? Letâs hear your plans below! đ
