The Silver Storm: 9k Pips Down, but Bulls Start Breathing AgainWhile Gold has been volatile, Silver’s drop has been even more spectacular — a breathtaking 9,000-pip decline in just 10 days, from the all-time high near 54.50 down to 45.50, a correction of roughly 20%.
But let’s not forget — the prior rally was just as extreme: from 37 to almost 55, a 50% surge.
This kind of price behavior is typical for Silver — sharp on both sides. Yet, compared to Gold, the recent structure shows a few key differences worth noting:
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🔍 Key Observations
1. Back Above the Ascending Trendline
After the recent low two days ago, Silver managed to climb back above the ascending trendline that started in late August — a strong early sign of stabilization.
2. Perfect 50% Retracement Support
The correction stopped exactly at the 50% Fibonacci retracement, perfectly aligned with a major horizontal support zone — a classic technical confluence.
3. Higher Low Confirmed
Unlike Gold, Silver printed a clear higher low last night, strengthening the case for a bullish recovery setup.
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🎯 Outlook
Putting it all together, Silver appears to have completed its correction and looks technically stronger than Gold at this stage.
If the current momentum continues, a new test above 50 seems increasingly likely in the coming sessions.
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