Technical structure shows strong bearish momentum with price well below key moving averages. The broader market is transitioning to a risk-off regime with credit spreads widening and gold collapsing - historically negative for silver. With price testing critical support at 22.02 and volume weakening, a breakdown appears imminent. The 19.5% downside to target represents a logical technical objective at the next support zone.
Technical structure shows strong bearish momentum with price well below key moving averages. The broader market is transitioning to a risk-off regime with credit spreads widening and gold collapsing - historically negative for silver. With price testing critical support at 22.02 and volume weakening, a breakdown appears imminent. The 19.5% downside to target represents a logical technical objective at the next support zone.
Technical structure shows strong bearish momentum with price well below key moving averages. The broader market is transitioning to a risk-off regime with credit spreads widening and gold collapsing - historically negative for silver. With price testing critical support at 22.02 and volume weakening, a breakdown appears imminent. The 19.5% downside to target represents a logical technical objective at the next support zone.
TATSILV is testing key technical support at $22.02 with RSI (41.75) showing potential reversal momentum. The ETF is trading 36% below its 52-week high with silver's industrial demand creating fundamental upside potential. The current price is near the value area low ($22.54) of the volume profile, presenting a favorable risk-reward entry point with 5.44:1 reward-to-risk ratio.
Thesis Competition: BEAR case won (75% vs 70%).