Silver Prices Plunge 30%, Triggering Market Turmoil
- Market Collapse: Silver prices plummeted over 30% in just two days, dropping below $80 from record highs earlier in the week, indicating extreme pressure across precious metals markets and undermining investor confidence.
- Margin Hikes Trigger Liquidation: Repeated margin increases by the CME forced traders holding silver futures to face urgent liquidations, resulting in one of the steepest daily declines in over four decades, highlighting the market's acute sensitivity to liquidity.
- Manipulation History Resurfaces: As prices collapsed, attention turned to a significant reduction in short positions held by major U.S. banks, reviving memories of past manipulation cases, which, despite no new charges, have negatively impacted investor confidence in the silver market.
- Policy Changes Intensify Pressure: Trump's nomination of Kevin Warsh as Fed chair reshaped interest rate expectations, leading to capital rotation away from precious metals, compounding downward pressure on silver prices and amplifying market volatility.
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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 |
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