$XAG Silver Unexpectedly Hits New Peak At $121.74 Then Plummets To $118, A Flash Dump Shakeout?

The precious metals market just experienced a roller coaster ride that left traders scrambling, as Silver prices exhibited extreme volatility within a wide range in a short period.

🔹 In an unexpected surge, Silver shot up to establish a new peak at $121.74/ounce, triggering a wave of FOMO buy orders from the market.

🔸 However, the Bull is joy didn't last long as prices immediately reversed and plummeted back to the $118 zone, wiping out previous gains. This whipsaw volatility indicates a fierce tug of war between buyers and profit taking pressure at record high levels.

With price action sweeping both sides in an instant, is this a necessary shakeout for Silver to advance to higher levels, or a risky short-term top signal?

News is for reference, not investment advice. Please read carefully before making a decision.