Silver

Key insight

$61.33 breaches the $62 round-number floor on heavy selling — next hard support is the 50-day MA at $59.50. Failure there targets the 200-day MA at $55.80. Gold/silver ratio surge confirms risk-off, not just precious-metal weakness.

Dropped 4.57% to $61.33, underperforming gold's 3.2% fall — gold/silver ratio spiking signals industrial demand fears. Break below $62 round number opens path to 50-day MA near $59.50.

Main risk

Gold/Silver Ratio Spike

Ratio surging as silver falls faster than gold signals industrial demand worry; sustained ratio above 67 historically precedes further silver drawdowns.