Silver’s Broken Vol Market Meets Structural Demand Risk

Stuck

Silver is still stuck inside the broad range that’s been in place since the washout. Major support sits at $72, with secondary levels at $76 and $80. On the upside, resistance comes in at $88 and $92.

Price has reclaimed the 50-day moving average, but remains well below the 50% retracement of the large selloff candle, which is near $100.