🔴 #XAG Liquidated Long: $199K @ $60.52

Another heavy liquidation has hit the $60.50 area, adding to the leverage washout already seen in silver. XAG/USD plunged roughly 4.6% on September 28, falling from above $64 to a low near $60.39, and September 29 has continued to trade close to that floor.

🥈 XAG/USD — LEVELS IN PLAY

🛡️ $60.40–$60.55 → immediate demand zone
⚠️ Below $60.40 → fresh downside expansion risk
🔄 $61.20–$61.50 → first recovery checkpoint
🚀 $62.50–$63.00 → stronger rebound zone

📡 DESK VIEW

The repeated long liquidations suggest leveraged buyers are being cleared out near the lows. But a liquidation cluster alone doesn't establish a bottom.

If XAG defends $60.40–$60.55 and reclaims $61.50, a relief bounce toward $62.50–$63 becomes a scenario to monitor.

If $60.40 breaks with momentum, sellers could attempt another sweep into lower territory.

⚡ The $60.50 region is now the critical reaction point. Watch how price behaves after the forced selling rather than blindly fading the move.

Market analysis only — not financial advice. Manage leverage and risk carefully.