In this video: Gareth Soloway breaks down the massive volatility in the precious metals market. With Silver down 13% on the day and the recent bounce failing to hit key Fibonacci retracement levels, the "parabolic greed" trade is unwinding fast. Gareth explains why the deleveraging in the stock market is dragging down crypto and metals, and why the "easy money" phase is over. Video by Gareth Soloway.
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-Silver (XAG): The critical line in the sand is $71.00 - $71.50. Gareth reveals his "Bear Case" roadmap: if $71 breaks, he is targeting a massive flush down to the $50 - $54 zone—a level dating back to 1980 and 2011 where he plans to "load the boat."
-Gold (XAU): Why Gold is showing relative strength as a risk-off asset compared to Silver. Gareth outlines major support zones between $4,400 - $4,500, and the "worst-case scenario" structural floor at $3,500 (a potential 38% drop).
Ignore the media narratives and the hype. This is probability-based technical analysis to help you navigate the crash and find the bottom.
Key Performance Drivers
The structural outlook for silver remains bullish despite the current price dip, driven by several factors:
-Supply Deficit: Silver is entering its sixth consecutive year of structural supply deficit, with mine output failing to meet rising demand.
-Industrial Demand: Explosive growth in AI hardware, solar panels, and electric vehicles (EVs) continues to consume approximately 50% of global silver supply.
-Macro Tailwinds: Anticipated Federal Reserve rate cuts and ongoing "de-dollarization" are expected to provide long-term support for precious metals throughout the year.
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