Guy's silver just got smoked
NY Silver Futures dumped ~3.5% Friday, front-month COMEX settled near $66.99 after sliding over $2.40 in one session.
Biggest daily drop in more than a month, snaps the 3-week winning streak clean.
Catalyst?
Fed Chair Warsh went full hawkish at Jackson Hole → rate-hike odds spiked, yields jumped, dollar strengthened.
Silver got hit harder than gold with industrial demand worries stacking on top.
Still up ~16% month-to-date though.
Now all eyes on that $65–$66 zone…
if it holds we bounce, if it breaks we see more blood.
Trade the levels, not the headlines.
$XAG
$XAU
#Silver #Commodities
#nysilverfuturesdrop3%
NY Silver Futures dumped ~3.5% Friday, front-month COMEX settled near $66.99 after sliding over $2.40 in one session.
Biggest daily drop in more than a month, snaps the 3-week winning streak clean.
Catalyst?
Fed Chair Warsh went full hawkish at Jackson Hole → rate-hike odds spiked, yields jumped, dollar strengthened.
Silver got hit harder than gold with industrial demand worries stacking on top.
Still up ~16% month-to-date though.
Now all eyes on that $65–$66 zone…
if it holds we bounce, if it breaks we see more blood.
Trade the levels, not the headlines.
$XAG
$XAU
#Silver #Commodities
#nysilverfuturesdrop3%
