Silver Price Plummets, Triggering Market Turmoil

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6d ago

Should l Buy TRUMP?

Silver Price Crash: Last Friday, silver prices plummeted by 26% in less than a day, marking the largest single-day decline in history, which left global metal traders stunned and highlighted critical concerns over metal valuations.
Gold Market Collapse: Gold also faced a severe downturn, dropping 9%, the steepest single-day decline in over a decade, reflecting a sharp shift in market sentiment and declining investor confidence in dollar stability.
Surge in Trading Activity: The iShares Silver Trust (SLV) processed over $40 billion in trades on Friday, becoming one of the most actively traded securities globally, indicating a surge in retail investor enthusiasm for silver and unprecedented levels of options activity.
Chinese Profit-Taking: Following news of Trump's nomination of Kevin Warsh as Fed chairman, Chinese investors began taking profits, leading to a dramatic sell-off, with future market developments likely hinging on Chinese trading activities.

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Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.51	2.265	3.09	3.845	4.67	5.425	6.25
Fibonacci	2.265	2.868	3.241	3.845	4.448	4.821	5.425

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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