Silver Weekly: Washout, then a Fight to Hold $50
Silver entered the week deeply oversold, with published research noting a roughly 18% October drawdown and a test of the historic $50 shelf that dates back to the 1980 and 2011 peaks. Several analysts flagged this zone as a credible long-term support, arguing the paper-driven flush had cleared weak hands while physical premiums on coins quietly firmed.
Mid-week, the tone turned more constructive. Multiple research notes framed a U.S. political shift, a softer dollar and lower yields as fresh tailwinds, with short covering pushing price from under $49 back toward $53. Bull cases ranged from "base forming" to multi-year targets well above current levels, anchored to a wide gold/silver ratio near 77.
Caution remained, though. A contrarian thread highlighted a shooting-star rejection candle, moving averages still rolling over, and a second-hand World Bank warning of a steeper correction than gold. The bottom-line consensus: a tradable low is plausible, but a weekly close back above the low-$53s is needed to confirm it.
Silver #Macro