Little Cuties

🚨 #NYSilverFuturesDrop3% Silver just got hit hard. NY silver futures fell around 3.4%, with prices dropping near $66.26. The main pressure is coming from rising rate expectations. Fed Chair Kevin Warsh sounded hawkish on inflation, pushing traders to price in a higher chance of a rate hike. That is bad news for metals like silver because they do not pay interest. 📉 Key level: $66 If this breaks clearly, more selling could come. 📈 But silver is still up strongly over the longer term, so this could also become a reaction zone for buyers. For now, I would watch $66 closely. Silver bulls need to defend it. 👀 #Silver #XAGUSD #SilverFutures #Commodities