Silver Selloff Intensifies as Fed Policy Shifts

A hawkish turn from the U.S. Federal Reserve has triggered a significant downturn in precious metals, with silver prices experiencing a sharp decline. At one point during the trading session, the metal plummeted by 1.43%, breaching a critical technical support level. What initially appeared to be a routine market correction has rapidly escalated into a full-scale selloff. The psychologically significant $50 per ounce threshold is now under serious threat as bearish sentiment takes hold across the market.

The chart outlook for silver has deteriorated substantially, with multiple technical indicators now pointing to further potential losses. Several concerning developments have emerged simultaneously:

• Failed Breakout Attempt: The recent assault Read more...