SILVER IS CRACKING
From $121 highs to a descending channel of doom — the chart has a $60 target written all over it.
$88.71 Now
$70.67 Key Support
$60.00 Bear Target
Silver had its moment. A breathtaking spike to $121 — then a brutal reversal. Now it sits at $88, pinned below resistance, trapped inside a tightening descending channel.
The chart isn't asking for your opinion. It's issuing a warning.
Two projected moves on the daily chart tell the same story: first a break of $70.67 support, then a slide toward $60 — a 32% drop from here. That's not a typo. The lower channel boundary runs right through it.
Bulls need a clean daily close above $90 to even begin talking recovery. Until then, every rally is a gift to the bears.
🐻 If $70.67 breaks
Channel floor opens — target $60–58. Months of gains wiped out.
🐂 Only hope
Close above $90–92 with volume. Reopens path toward $104.
Watch the $90 level like a hawk this week. That is the line between a bounce and a bloodbath.
Crypto Vhagar